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Updated almost 2 years ago,
Paying contractor deposit on Labor
Good day, I know this topic has been discussed numerous times so I may be venting or just tired that contractors believe they should get significant deposits on labor.
For projects under $50,000, with the owner paying for the materials sourced by the contractor, how much is a reasonable deposit on labor for the job to get started?
Contractors have more leverage as they can put a lien against your property for valid work done. So it's a no brainer for the owner to pay them.
What do owners have? The potential of a pyrrhic victory?
Looking at a job for $28,000.
Contractor wants $8,000 deposit for labor.
Another for $38,000 labor only
Labor request deposit $15,000???