How much of a deposit do i ask for?

[Sparky555]

I suspect there are contractors in California who have found a simple way to follow the law and get their money when they need it. It may be as easy as getting a 10% advance, then getting a more substantial payment on completion of an early benchmark in the project.

Dave

 

[tyha]

Gentelmen, If we all take the same attitude and stick to it then we will set the precident on deposits.

I will take nothing less than 50% up front...anything less and they are not for real!! If they stiff me for any of the rest...I start pulling meters. This has worked well for me in the last 4 yrs.

pull a meter or remove any material installed here and not only will you be arrested but you just put your license in serious peril. Look you guys I would love to go and get deposits on all our work, but the simple fact is that is not the way business in done here. Take for instance we just started a 2 story shell about 2 weeks ago. I can see me calling the gc and saying you know that $150,000 your paying us to complete this building. Yeah I need half right now. They would think you have gone mad. So do you think that the owner is just sitting around with a few million dollars in cash. No they have their jobs financed and release money when they have proof that work is being done. I guess if you do $2000 basement remodels then you may have better luck but this is a different ball game

 

[QES]

yes, Cali does hold that law, 10% or $1000 which ever is less..
But you can always write up a "detail " payment schedule.

 

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we get 50%