Martin said: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![]()
Dale said:Martin, If they saw that on the proposal and signed it get the money. Theres a good article in the months PWC mag. on just that topic. A point is made that " when you don't make the customer stick to your payment schedule, then you're accepting the homeowners new payment schedule"..if you do that then you give the homeowner or whoever all the control....an agreement is an agreement.
ProWallGuy said:1/3 down at signing/scheduling
1/3 draw after 7 working days
1/3 final payment on completion
Anyways... what you do on small jobs ProWall?
Dale said:Bouch, Nobodys going to respond with out more info and even then all you'll get is ballpark figures. some questions may be..what are the measurements of soffit and fascia..1 coat 2 coats prime... access...condition of siding both aluminium and wood ...environment around building ..1 story or more?.. windows? doors? etc....post some pics if you can. good luck
Martin said: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![]()
DecksEtc said:Martin, did they ever pay you the deposit? I, and I'm sure others, are curious to know what happened...
QUOTE]