Rewire
Senior Member
- Location
- Lake of the Ozarks
That money is spent after the contract is signed. My response was to the post saying the deposit was to cover the time doing the estimate.
I realize that costs are inured to start a project. I already stated that I don't have an issue with asking for a deposit. I don't agree with a blanket 50% deposit on all jobs or other large deposit. The deposit should only be enough to get the job started. After the job is started you can ask for additional progress payments. The amount really depends on the size of the project. If its a 1 or 2 day project I can see getting a larger percentage. If the job is going to take several weeks or more there is no way I'm going to give someone 50% upfront.
So you don't have an issue with deposits you just have an issue with getting 50% upfront. So then what amount would you pay? 10%? 20%? 30%? 40%? Why do you feel a lower amount is better? If you have done due diligence in selecting your contractor then why would any amount be a problem?