Re: Down Payments?

["Crash Gordon" <webmaster@xxxxxxxxxxxxxxxxxxxxx>]

50 on contract 50 upon completion...if it's a new project...completion is
when I install all the equipment...not when they finally get a CO. I've had
projects where I've been finished and the house wasn't ready to fire up for
another month. Sometimes I'll be nice and go 50-40-10. 50/50 is kinda
standard around these here parts. Getting my house painted next month...guy
wants 50 up front....standard stuff.

Small jobs...100 upon completion.


"JW" <golf4nospam@xxxxxxxxxxx> wrote in message
news:PKwOe.9697$1g2.8618@xxxxxxxxxxx
> Hi All,
> Our contracts state that we will receive a 50% down payment upon signing
> with the balance billed after completion. Today, a new customer (who
> already signed the contract and sent a large downpayment since it's a big
> job) called very upset about the practice. He said no other vendors
> require it and that it smacks of being a fly-by-nighter. I think it smacks
> of sound money-management... but of course it made me wonder what the norm
> is in the industry so thought I'd ask for some feedback.
>
> Thanks for sharing!
>
>