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Question DetailsAsked on 7/21/2013

How much of a percent deposit is required on a remodel?

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I usually ask for 3 payments of 1/3.

I have also got a payment for 50% of stock and 3 payments of I/3 of the remaining balance.

it really depends on contract amount and the length of the project,

I always try and work with the client.

depending on scope, sometimes a contractor can have a really big layout at beginning of project, and obviously has to carry his labor and his subs, who will want a starting cheque also.

supply houses need a payment every 21 to 30 days also.so there are many variables that effect a project depending on size.

the norm for me is usually 3 payments if the contract is under $100,000.

Answered 6 years ago by pats fan




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