Topic: Payment to home improvement contractors
Payment to home improvement contractors
I recently had a bathroom renovation done and felt uncomfortable with the payment schedule as I had originally assumed that what my contractor was asking for was typical. It is water under the bridge now but I am looking ahead and thinking of renovating my second bathroom in the not too distant future and want to be a bit more knowledgeable as this was my first renovation and I think I was a bit naive. I know that different folks agree to different terms but for a small powder room renovation of under $5,000,what would be typical in the way of payment? How much up front, as the work progresses, etc. The entire renovation would only take 5-7 working days. What percentage should be held until the job is completed to my satisfaction, etc? P.S. This is a wonderful forum! So glad I found it!