From the Forum: Locking in a Contractor With a Retainer Before the Project Starts

Photo by Susan De Vries


    Their renovation project won’t start for a few months but they want to secure the contractor with a down payment. They want to be fair but also sensible and not give too large of a percentage in advance. What percentage of their total project budget should they plan on paying before work begins?

    Please chime in with your advice.

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