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
Boxed2Built's avatar
Boxed2Built
Contributor 2
13 days ago

Wow! Thank you all so much for the responses, this is great feedback! Since I own a labor only furniture assembly/light handyman business, I'll start asking for a initial deposit upfront just to make sure that the customer is able to pay once the job is completed. I'm thinking a small 10-15% upfront deposit would be good. Any thoughts on this approach?