Contractor Talk - Professional Construction and Remodeling Forum banner
1 - 1 of 1 Posts

·
Super Moderator
Joined
·
45,229 Posts
Well first off, my recommendation is start doing work for home owners directly, if you can retool to do that. It's called a prime contract. The only time I've ever been burned in this business is by another contractor.

As for a deposit. If it's legal, tell them they have a three day right to rescind and if they rescind on day four they lose there deposit. If they rescind on any day after day three and you've invested time and money into the job, then they will owe for work or materials on any amount over the deposit. They are less likely to change their mind if they have"skin in the game"

How much should you charge for a deposit? If it's legal I would start with 10 or 20%. If it's a builder get a much as you can possibly get, this maybe different with each builder. In other words you may be skeptical of some and fully trust others.
 
1 - 1 of 1 Posts
Top