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
MTLcontractors's avatar
MTLcontractors
Jobber Ambassador
12 days ago

Do 10% non-refundable up front (if local law allows). This helps you cover the work you put in on acquisition, pricing and communication.

In my experience, anyone that has an issue with that will end up becoming a headache down the road. Quality clients pay it without thinking twice. 

Like my old man always said: "It's like an ice cream shop; you gimme the money, then I give you the ice cream cone." He's a retired general contractor, but he's always been enamored with the ice cream shop business model XD