Quote:
Originally Posted by havalife
I don't care if they are middle, high, or low. If NWFixer plans everything right he should do good, The last thing he needs to worry about would be his final payment. I always take in consideration how much I want to have vested in a job not what my client level of income is. I have had up to 6 draws for a simple bath remodel just so I have a fair level of pay.
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I guess I must be one of the lucky ones, I’ve really never had any problems getting paid. There were a few exceptions over the years (I can only think of 2 that stand out) but looking back the red flags were flying before I even started, jobs I should of never agreed to in the first place.
My typical deal is ½ down, balance on completion. Possibly a progress payment if the job will last for more than a couple of weeks.
Six payments on a small job seems excessive and a little high maintenance too me.
Regardless, the payment schedule is always in the contract. For me it’s in a stand alone paragraph directly above the signature line.
Even if they just gloss though the details of the contract (you would be surprised how may people do) the payment schedule is a tough one to miss.
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