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Question DetailsAsked on 4/21/2015

is it normal to ask for 50 % at contract signing then 45% when work starts and only 5 % on completion?? Seems like

is it normal to ask for 50 % at contract signing then 45% when work starts and only 5 % on completion?? Seems like you don't have any leverage if job is not done right?? I have always given 50-60 % at beginning and balance on satisfied completion.

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2 Answers

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I agree, that's sounds like too much, up front. What type of work are you having done?

Source: www.bayareacool.com

Answered 4 years ago by BayAreaAC

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I also agree with you and BayAreaAC and certainly leaves you little leverage and could be essentially a scam - 95% in hand and run, leaving only 5% "lost" - way too much unless this is for something that is highly materials intensive and requires very little on-site work to install. I know some window and companies operate like this, with about half up front to order the windows, most of the rest after items are on-site but before they start installing (so they don't end up with non-returnable windows, because once installation begins they cannot be returned unless defective), then the final 10% or so at completion - which is commonly the same day or maybe just the next day. DItto for installers of things like above-ground pools and built-in fancy appliances.

Here is another similar question with responses also -


http://answers.angieslist.com/How-put...

Answered 4 years ago by LCD




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