Originally Posted by Gecko
If they ask you for money up front before they start then you could be in for a surprise. Once they start and build to your liking then 25% payment is reasonable, the rest upon FULL completion..........seen many contractors walk away and never come back, or start and leave it unfinished. There is no protection other then to hold back more $$ then they have into it.
I'm not a bank, I require a deposit, and another payment roughly 1 week before a project starts. I'm not here to offer financing and invest MY funds into YOUR HOME. If you don't like it I don't care, use someone else, we're booked to the end of the year already. That's why references are critical, people know I'm not going to skip town because of my references.
Personally I think contractors who don't collect a deposit are foolish.