08-19-2016, 01:32 PM
No advance payments - ever! You are not a bank. Pay is based on work performed, with a small percentage held back (usually 10%) until the final item on the punch list is completed.
Verbal agreements do not work at all when disagreements pop up, as memories fail predictably. A contract is your best friend. It will detail all of the work to be performed by the contractor, any items that you may elect to furnish toward the project, and a list of what is not included for clarification purposes. A firm dollar amount, with scheduled payments based on completion is standard to be included with the scope. And a schedule should be included in the contract as well.
Verbal agreements do not work at all when disagreements pop up, as memories fail predictably. A contract is your best friend. It will detail all of the work to be performed by the contractor, any items that you may elect to furnish toward the project, and a list of what is not included for clarification purposes. A firm dollar amount, with scheduled payments based on completion is standard to be included with the scope. And a schedule should be included in the contract as well.
Some say you can place your ear next to his, and hear the ocean ....
![[Image: 6QSgU8D.gif?1]](https://i.imgur.com/6QSgU8D.gif?1)
