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Question DetailsAsked on 3/8/2018

in maryland how much should a contractor ask for deposit prier to starting work?

I have a contractor who has given us a bid for repairing our ceiling which had a leak and he is also painting it. It is not a large are so he gave us a propose contract as follows: Labor $750.00, Material $150.00 =$900 but wants a deposit of $525 balance due when job is finished.

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Voted Best Answer

Here are some links to MD state info on allowable deposits and home improvement contract requirements and such FYI - looks like the state allows up to a 1/3 deposit upon contract signing - so looks like up-front deposit of $300 is his limit. Though the contract can require progress payments too - like maybe $300 up front, $300 when drywall/plaster repair is done and ready to paint and remainder after job is complete and accepted by you might be fair to both parties ? That gives you a 1/3 amount which is not released till final job acceptance, so gives you a fair hold over him to be sure the job actually gets done, which from your viewpoint is a good thing to have.

Answered 2 years ago by LCD

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