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Paugus Bay Resident · 09-15-2005, 07:43 AM

Let me offer something from a contractor's (builder's) perspective in terms of deposits. I see deposits (and contracts) as evidence of two parties' committment to move forward (not to cover the costs of materials). Because of our unpredictable building seasons, we often have our work scheduled 6 months (if not more) in advance. If someone backs out of a contract close to the start date, we're left scrambling to get another job to fill in, which, based on timing isn't allways possible. Also, it usually has a cascading effect on the other subs that were scheduled (which we have contracts with). So, at least if a deposit is collected under a contract, there is some money to mitigate our loss. Sure, I can sue for non-performance (been there, done that), but that often leads to someone who is judgement proof.

Certainly the behavior Shania metioned is deplorable, but those of us that are honest and ethical need something to protect us as well. Trust me, we see similar behavior on the consumers' side

One good thing to do, is to check with the Home Builders and Remodelers Association of New Hampshire (which is the local chapter of the National Association of Home Builders). HBRANH The directory lists all types of contractors who are members. There are also mediation processes if problems arise.

09-15-2005, 07:43 AM	#12
Paugus Bay Resident Senior Member Join Date: Sep 2003 Location: Gilmanton, NH Posts: 754 Thanks: 136 Thanked 93 Times in 51 Posts	Let me offer something from a contractor's (builder's) perspective in terms of deposits. I see deposits (and contracts) as evidence of two parties' committment to move forward (not to cover the costs of materials). Because of our unpredictable building seasons, we often have our work scheduled 6 months (if not more) in advance. If someone backs out of a contract close to the start date, we're left scrambling to get another job to fill in, which, based on timing isn't allways possible. Also, it usually has a cascading effect on the other subs that were scheduled (which we have contracts with). So, at least if a deposit is collected under a contract, there is some money to mitigate our loss. Sure, I can sue for non-performance (been there, done that), but that often leads to someone who is judgement proof. Certainly the behavior Shania metioned is deplorable, but those of us that are honest and ethical need something to protect us as well. Trust me, we see similar behavior on the consumers' side One good thing to do, is to check with the Home Builders and Remodelers Association of New Hampshire (which is the local chapter of the National Association of Home Builders). HBRANH The directory lists all types of contractors who are members. There are also mediation processes if problems arise. Last edited by Paugus Bay Resident; 09-15-2005 at 08:04 AM.