Quote:
Originally Posted by crash
Not sure many contractors are going to start work on a project that is $40,000 with out getting some money up front. The contract called for money up front to start the job then a payment once the window was ready to go in and the bath was ready for tile. My mistake was making a payment out of the reserve before the job was finished.
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I disagree. I have done many construction projects over the years, several in excess of $100K, and I have never paid any money in advance. A good contractor will sign a contract and have sufficient assets or credit to fund the project startup. Any contractor who needs money before starting work is a contractor who I won't do business with.