Paid In Full At Start?? - Business - Contractor Talk

Paid In Full At Start??

 
Thread Tools Search this Thread Display Modes
Old 08-12-2019, 10:18 PM   #1
Official CT Greeter!
 
CScalf's Avatar
 
Trade: General Construction
Join Date: Dec 2008
Location: Central Illinois
Posts: 1,397
Rewards Points: 748

Paid In Full At Start??


Met with a couple tonight on a bathroom to finalize everything. We go over all of the details, contract, SOW, draw schedule etc. Husband says "look, I don't have time to write these checks (four total) so I am going to write you a check for the total and you can just give me the certificate of completion when you are done!

I said how would you feel if we hit a delay or something unforeseen happened and then I am standing there with all of your money and nothing is done/getting done? He said, "I see your point but I still don't want to write all of these checks.

After much arguing I got my way and he just paid the 10% scheduling deposit.
__________________
"Your problem does not constitute an emergency on my part"
CScalf is offline  
The Following User Says Thank You to CScalf For This Useful Post:
A&E Exteriors (08-20-2019)

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   

Advertisement

 

Old 08-12-2019, 10:28 PM   #2
back doors to hell put in
 
Irishslave's Avatar
 
Trade: Carpenter
Join Date: Jun 2010
Location: Google knows
Posts: 4,119
Rewards Points: 402

Re: Paid In Full At Start??


how much are we talking?

Advertisement

__________________
Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site.
Irishslave is online now  
Old 08-12-2019, 10:48 PM   #3
Official CT Greeter!
 
CScalf's Avatar
 
Trade: General Construction
Join Date: Dec 2008
Location: Central Illinois
Posts: 1,397
Rewards Points: 748

Re: Paid In Full At Start??


about tree fiddy!!!
__________________
"Your problem does not constitute an emergency on my part"
CScalf is offline  
Sponsored Links
Advertisement
 
Old 08-12-2019, 10:49 PM   #4
I own stock in FotoMat!
 
480sparky's Avatar
 
Trade: 132 on Bush, I've got him at gunpoint!
Join Date: Jan 2009
Location: Iowa
Posts: 12,031
Rewards Points: 11,986

Re: Paid In Full At Start??


Are you bragging or complaining?
__________________
This post has been modified from its original version. It has been formatted to fit this screen and edited for content.
480sparky is online now  
Old 08-12-2019, 10:50 PM   #5
Official CT Greeter!
 
CScalf's Avatar
 
Trade: General Construction
Join Date: Dec 2008
Location: Central Illinois
Posts: 1,397
Rewards Points: 748

Re: Paid In Full At Start??


Quote:
Originally Posted by 480sparky View Post
Are you bragging or complaining?
I'm not sure yet
__________________
"Your problem does not constitute an emergency on my part"
CScalf is offline  
Old 08-13-2019, 12:45 AM   #6
Pro
 
Mordekyle's Avatar
 
Join Date: May 2014
Posts: 2,436
Rewards Points: 5,116

Re: Paid In Full At Start??


I got 10, 000 in advance to build a deck this year.It was an allowance the sellers gave to the homebuyers. It was paid as part of closing costs.

It was fine to get paid in advance, but I have to admit I did have a hard time getting motivated.

It went well enough, homeowner was happy, even though plans, permit, and procrastination on my part drug it out for months.

I gave him some extra work as atonement for taking so long.


Sent from my iPhone using Tapatalk
Mordekyle is offline  
Old 08-13-2019, 03:27 AM   #7
Pro
 
VinylHanger's Avatar
 
Trade: I'll do that for 500 bucks.
Join Date: Jul 2011
Location: Oregon
Posts: 10,007
Rewards Points: 11,078

Re: Paid In Full At Start??


It's always nice to get it up front, but yep, you need super will power. The bigger the number, the more will power and focus you need.

Sent from my SM-N950U using Tapatalk
__________________
Your emergency does not constitute a problem with my Constitution.
VinylHanger is offline  
Old 08-13-2019, 09:15 AM   #8
Official CT Greeter!
 
CScalf's Avatar
 
Trade: General Construction
Join Date: Dec 2008
Location: Central Illinois
Posts: 1,397
Rewards Points: 748

Re: Paid In Full At Start??


I just prefer to not do it as a rule of thumb. Makes me feel better. I've done it in the past on small stuff but on bigger projects it's company policy to say no.
__________________
"Your problem does not constitute an emergency on my part"
CScalf is offline  
The Following 2 Users Say Thank You to CScalf For This Useful Post:
Not That Guy (08-28-2019), sunkist (08-18-2019)
Old 08-13-2019, 09:46 AM   #9
water re-locater
 
NYgutterguy's Avatar
 
Trade: Gutter installer
Join Date: Mar 2014
Location: orange/rockland ny NYC suburbs
Posts: 7,096
Rewards Points: 7,400

Re: Paid In Full At Start??


I wonít even take a deposit. Average job is only a few hours. Just pay me when Iím done.

The tech who was doing the fertilizing of my lawn told me you get worse service if I paid in full before the season.

They already know they got you and more concerned about gaining new customers.
Sent from my iPhone using Tapatalk

Last edited by NYgutterguy; 08-13-2019 at 09:49 AM.
NYgutterguy is offline  
The Following 7 Users Say Thank You to NYgutterguy For This Useful Post:
Calidecks (08-14-2019), CScalf (08-13-2019), griz (08-13-2019), hdavis (08-13-2019), KAP (08-13-2019), onmywayup (08-16-2019), TheConstruct (08-16-2019)
Old 08-13-2019, 10:39 AM   #10
Official CT Greeter!
 
CScalf's Avatar
 
Trade: General Construction
Join Date: Dec 2008
Location: Central Illinois
Posts: 1,397
Rewards Points: 748

Re: Paid In Full At Start??


Quote:
Originally Posted by NYgutterguy View Post
I wonít even take a deposit. Average job is only a few hours. Just pay me when Iím done.

The tech who was doing the fertilizing of my lawn told me you get worse service if I paid in full before the season.

They already know they got you and more concerned about gaining new customers.
Sent from my iPhone using Tapatalk
It's a lot different with gutters. My parents own a guttering business. Quick money
__________________
"Your problem does not constitute an emergency on my part"
CScalf is offline  
The Following User Says Thank You to CScalf For This Useful Post:
NYgutterguy (08-13-2019)
Old 08-13-2019, 10:45 AM   #11
water re-locater
 
NYgutterguy's Avatar
 
Trade: Gutter installer
Join Date: Mar 2014
Location: orange/rockland ny NYC suburbs
Posts: 7,096
Rewards Points: 7,400

Re: Paid In Full At Start??


Quote:
Originally Posted by CScalf View Post
It's a lot different with gutters. My parents own a guttering business. Quick money


Nice. Yes, very Different. I usually always lead with ď with gutters itís different ď when I post on here but everyone already knows it by now lol. Had no interest in getting involved ? Big company ?


Sent from my iPhone using Tapatalk
NYgutterguy is offline  
Old 08-13-2019, 10:50 AM   #12
Official CT Greeter!
 
CScalf's Avatar
 
Trade: General Construction
Join Date: Dec 2008
Location: Central Illinois
Posts: 1,397
Rewards Points: 748

Re: Paid In Full At Start??


Quote:
Originally Posted by NYgutterguy View Post
Nice. Yes, very Different. I usually always lead with ď with gutters itís different ď when I post on here but everyone already knows it by now lol. Had no interest in getting involved ? Big company ?




Sent from my iPhone using Tapatalk
I am TMFIC for them

I just have my own contracting business as well.
__________________
"Your problem does not constitute an emergency on my part"
CScalf is offline  
The Following User Says Thank You to CScalf For This Useful Post:
NYgutterguy (08-13-2019)
Old 08-13-2019, 10:56 AM   #13
Pro
 
Idothat's Avatar
 
Trade: Home improvement of all types
Join Date: May 2018
Location: Richmond va
Posts: 1,092
Rewards Points: 2

Re: Paid In Full At Start??


I donít blame you at all . Too many things can happen . If I only get one check , it is better to get it after the job is completed .

Nothing kills the joy like having to finish a job the money has been spent on

At one time I was doing a lot of pressure washing, then I insisted that I was paid in advance if someone wasnít going to be there to pay on completion . That was because people would stiff me on occasion or take their sweet a** time to pay .
Idothat is offline  
The Following 2 Users Say Thank You to Idothat For This Useful Post:
CScalf (08-13-2019), Justin Rhoades (08-13-2019)
Old 08-13-2019, 02:50 PM   #14
Hair Splitter
 
TNTRenovate's Avatar
 
Trade: General
Join Date: Aug 2010
Location: Naperville, IL
Posts: 18,310
Rewards Points: 1,244

Re: Paid In Full At Start??


My average bathroom remodel has 7 payments.
Deposit (covers all special order materials)
Demo Payment
Rough Payment
Drywall, Tile Prep
Cabinets and Trim
Tile
Electric and Plumbing Trim
Final

It's a lot, but makes everyone feel good.
__________________
Tried & True on Facebook
Tried & True Website
Quote:
Originally Posted by CarpenterSFO View Post
You ask for your money frequently, and you collect it quickly, else you stop working immediately.
TNTRenovate is offline  
The Following User Says Thank You to TNTRenovate For This Useful Post:
CScalf (08-13-2019)
Old 08-14-2019, 12:11 AM   #15
Pro
 
Stunt Carpenter's Avatar
 
Trade: Carpentry
Join Date: Dec 2011
Location: Airdrie
Posts: 1,593
Rewards Points: 1,996

Re: Paid In Full At Start??


Quote:
Originally Posted by TNTRenovate View Post
My average bathroom remodel has 7 payments.
Deposit (covers all special order materials)
Demo Payment
Rough Payment
Drywall, Tile Prep
Cabinets and Trim
Tile
Electric and Plumbing Trim
Final

It's a lot, but makes everyone feel good.


How long does an average bathroom job last? Seams like every 3days you would be getting a cheque
__________________
https://builddaley.com/
Stunt Carpenter is online now  
The Following User Says Thank You to Stunt Carpenter For This Useful Post:
TheConstruct (08-16-2019)
Old 08-14-2019, 08:58 AM   #16
Pro
 
Fishindude's Avatar
 
Trade: Industrial
Join Date: Aug 2017
Location: Indiana
Posts: 466
Rewards Points: 994

Re: Paid In Full At Start??


Any time you can get money up front take it, because I guarantee you there will be other times you will struggle to get paid and collect.

As long as you are an honest contractor and deliver as promised I see no issue.
Fishindude is offline  
The Following 2 Users Say Thank You to Fishindude For This Useful Post:
A&E Exteriors (08-20-2019), Whippo (08-15-2019)
Old 08-14-2019, 07:33 PM   #17
Official CT Greeter!
 
CScalf's Avatar
 
Trade: General Construction
Join Date: Dec 2008
Location: Central Illinois
Posts: 1,397
Rewards Points: 748

Re: Paid In Full At Start??


Quote:
Originally Posted by Fishindude View Post
Any time you can get money up front take it, because I guarantee you there will be other times you will struggle to get paid and collect.

As long as you are an honest contractor and deliver as promised I see no issue.
I just don't like to do it. If it were a small amount I probably wouldn't have said much.

Just don't feel comfortable holding someones money up front like that.
__________________
"Your problem does not constitute an emergency on my part"
CScalf is offline  
The Following 3 Users Say Thank You to CScalf For This Useful Post:
Idothat (08-14-2019), pinwheel (08-14-2019), TNTRenovate (08-18-2019)
Old 08-14-2019, 07:38 PM   #18
GC/carpenter
 
Calidecks's Avatar
 
Trade: Decking, Railing, Carpenter/General Contractor
Join Date: Nov 2011
Location: Anaheim Hills, California (OC)
Posts: 37,772
Rewards Points: 550

Re: Paid In Full At Start??


I set the payment schedule and by law it has to be adhered to.


Mike.
_______________
Calidecks is online now  
The Following User Says Thank You to Calidecks For This Useful Post:
CScalf (08-14-2019)
Old 08-14-2019, 07:43 PM   #19
Official CT Greeter!
 
CScalf's Avatar
 
Trade: General Construction
Join Date: Dec 2008
Location: Central Illinois
Posts: 1,397
Rewards Points: 748

Re: Paid In Full At Start??


Quote:
Originally Posted by Calidecks View Post
I set the payment schedule and by law it has to be adhered to.


Mike.
_______________
I set mine and I AM THE LAW
__________________
"Your problem does not constitute an emergency on my part"
CScalf is offline  
The Following 4 Users Say Thank You to CScalf For This Useful Post:
Calidecks (08-14-2019), KAP (08-14-2019), Ohio painter (08-15-2019), pinwheel (08-14-2019)
Old 08-14-2019, 08:23 PM   #20
Pro
 
avenge's Avatar
 
Trade: Remodeling
Join Date: Sep 2008
Location: Not here
Posts: 3,091
Rewards Points: 736

Re: Paid In Full At Start??


Quote:
Originally Posted by Fishindude View Post
Any time you can get money up front take it, because I guarantee you there will be other times you will struggle to get paid and collect.

As long as you are an honest contractor and deliver as promised I see no issue.
31 years never had an issue collecting money, been paid in advance a few times once 6 months in advance. I don't like doing it.....I could kick the bucket the following day.

Advertisement

avenge is online now  
The Following User Says Thank You to avenge For This Useful Post:
TheConstruct (08-16-2019)



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?