Just curious! I can't imagine going through that. I have good luck so far ::knock on wood:: with the GCs and remodels I have done.
quote:Good luck with this. I had a patio installed and all of the 3 bidders said I had to give them something up front to start. Of course, cash/check is better since 3% off for not using CC.....I even told him I'd give him my CC number he could hold and then a check when materials arrived and none of them would do it. The excuse was "tried that and got burned once to often by bad checks for 2-days of work/material. Then had to go get my materials back but lost labor $$".
3. Never pay in full at the beginning of a job. Never make large down payments either. Fronting money and having to manage cash flow is just part of being in construction. Any contractor who wants payment before work or a large down payment is not worth your time, no matter how low their bid/estimate is. Tell him he can bill for purchase orders as he buys materials AND THEY ARRIVE AT YOUR HOUSE, or he can find another house to work on. Pay monthly based on purchase orders and how much work has been done. Whatever his contract is for, pay based on that and the schedule of values. If he has a contract for $1000 with $500 in labor and $500 in materials, looks 50% done on labor, and has submitted a PO for $250 in materials that you have verified are at your house or installed (never, under any circumstances, let him take materials off site that you have paid for), you should pay him $450 after 10% retainage. When the job is finished, you're happy, and everything is good, then he gets his retainage money.