My title may be a little confusing. Do most of you ask for some type of deposit before starting large jobs, where you're providing all materials and labor?
How do you all do this? 1/2 down balance paid in full at completion, or do you take a draw at different job completion points?
Some of you may have the equity, line of credit, or MONEY to not require a deposit.
I always try to get something upfront...never half, but enough to handle the initial materials and payroll for 2 weeks*.
I'm 4 day's off from going into a 9600 sq ft new home. On my signed proposal I specified $2800.00 down, $3000.00 after all trim and doors are sprayed and First coating the walls begin with the balance paid in full at the end.
I just went to pick up my deposit in order to secure the first round of Materials ($965.00) They told me "Yeah, we saw that on your bid but we don't pay deposits."
Exscuse me....I'm expected to have the money for materials and 3 to 4 peoples payroll for the next 4 weeks? :evil:
-Martin
How do you all do this? 1/2 down balance paid in full at completion, or do you take a draw at different job completion points?
Some of you may have the equity, line of credit, or MONEY to not require a deposit.
I always try to get something upfront...never half, but enough to handle the initial materials and payroll for 2 weeks*.
I'm 4 day's off from going into a 9600 sq ft new home. On my signed proposal I specified $2800.00 down, $3000.00 after all trim and doors are sprayed and First coating the walls begin with the balance paid in full at the end.
I just went to pick up my deposit in order to secure the first round of Materials ($965.00) They told me "Yeah, we saw that on your bid but we don't pay deposits."
Exscuse me....I'm expected to have the money for materials and 3 to 4 peoples payroll for the next 4 weeks? :evil:
-Martin