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Question DetailsAsked on 4/24/2014

Is it common practice to put down a 50% deposit for masonry work worth $6000 ?

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2 Answers

0
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No - unless the job involves mobilizing a lot of scaffolding for high work, or buying special distressed or antique brick.


Masonry work tends to be about 1/4 materials, 3/4 labor, roughly - so excepting the above instances, I would say 10% deposit would be reasonably, with maybe 15-25% more after setup of scaffolding if needed or at end of first day otherwise, then maybe one more progress payment half way through and rest upon final completion and approval and lien releases receipt.

Answered 5 years ago by LCD

0
Votes

YOU fail to state where you are located or what type of Project that you are contracting for that involves $ 6000.00 IN COST causing the Mason or Contractor to require a Deposit of

$ 3000.00 . SO your question is somewhat difficult to give answer too !

However , Unless the project requires an enormous amount of Special Order Materials , the REQUEST for a $ 3000.00 Deposit is TOO MUCH TO REQUIRE !


Far be it for me to Judge another Contractors deposit requirements , However without more information as to why this Contractor is asking for 50% , I would say that the Most I would pay Up front without a Factual Contract and enormous References backing this individuals Reliabilty I would not pay him more than 20 to 25 % up front with another 20-25% paid 1/2 way through the JOB , then another 20-25% paid at another 3/4% of the job completed, and the TOTAL balance Paid at Job Completion !


$ 3000.00 is a Lot of money to pay UP FRONT especially when it is 1/2 of the Job COST !

I would advise You to be wary of this Gentleman , something does NOT add UP !

You stand to loose a LOT OF MONEY......................!



Answered 5 years ago by BentheBuilder




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