Forum Discussion

Boxed2Built's avatar
Boxed2Built
Contributor 2
27 days ago

Payment Nightmare: Should Contractors Require a Deposit Before Starting a Job?

I recently had a job where the customer tried to pay in various formats and payment was never able to go through. I ended up leaving and hoping they would pay at a later date. Thankfully they did pay...
accounts receivable
general contracting
getting paid
processing payments
threerelectric's avatar
threerelectric
Contributor 3
13 days ago

I am an electrical contractor for our contractors we do a payment schedule of 30% down before the start of job, 50% due when the rough in inspection is done, and the last 20% done at the finial inspection.  This seems to work less stress.