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SAMIAM · 10-09-2005, 10:00 AM

I think a contractor should not lift a shovel without some up front money.My son is a local builder with a credit line with all regional lumber yards.Some of his subs don't have a credit line and he has to front them materials and labor and then collect from the owner.If he was to start a job without a down payment and the owner reneged on the deal....he'd be out many thousands of dollars.it happens more than you think...bankruptcies,divorce and other financial problems have caused many projects to come to a stop. True,he can file a lien on the property,but those often take years to resolve.

10-09-2005, 10:00 AM	#26
SAMIAM Senior Member Join Date: Apr 2004 Location: Moultonborough Posts: 2,896 Thanks: 334 Thanked 1,676 Times in 586 Posts	I think a contractor should not lift a shovel without some up front money.My son is a local builder with a credit line with all regional lumber yards.Some of his subs don't have a credit line and he has to front them materials and labor and then collect from the owner.If he was to start a job without a down payment and the owner reneged on the deal....he'd be out many thousands of dollars.it happens more than you think...bankruptcies,divorce and other financial problems have caused many projects to come to a stop. True,he can file a lien on the property,but those often take years to resolve.