We don't own in TV, at this point, but I pay attention to how things go there.
Every once in a while I see threads like this and it makes me wonder about how business is done in TV.
Is it standard for contractors to ask for money up front? Half even???? And to want payment before the job is finished????
Don't they use contracts?
To me, such concern over upfront money would scream that the one wanting the money does not have a good working relationship with the suppliers used for materials needed for the job. I would wonder why.
On a custom order for furniture or window treatments or something like that, I understand paying something when the order is placed. I have done that through solid local companies for a written order. But that's for custom stuff.
But for work to be done???? I have never done that. I have signed many a contract though. Of course, I have to say that in my neck of the woods, there are people I know with whom I have done a verbal. But I know them and they know me so that works fine.
Upfront money for work -- I would have to question that.
Is asking for upfront money like that S.O.P. in TV?
This is a serious question. Maybe I live on another planet.
Boomer
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