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Originally Posted by SAMIAM
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.
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well i didnt want to get involed in this topic but here goes
i have been self employed for 33 years automotive line i have never taken i dime up front from my customer and never will so you may have read my post (stone walls) the company J C MASONARY/ JOASH CROWDER took 1/3 down a month and a have before he ever started the job lets turn the tables what if he goes out of bussi, or somthing or he goes bankrupted what happen to the comsumer out of luck. also when he started and got so far a long he needed more money for more stone if you are a truly good co. you should be able to do the job and get paid when you are finished also for the record my other job is a genral contractor i built a 5 house sub division at home and i never had to pay not one of my subs a dime up front and that was a 2 millon dollar project so why do you here the same old thing up there money first.
also for the record he just walked of the job J C MASONARY JOASH CROWDER
jzs