How to negotiate with contractors?

[Dylan Faltus]

Hi investors!
I am in the process of doing a fix and flip property and am negotiating with contractors/ handymen. Most are offering payment terms for repairs of 50% up front, 50% due upon completion.

Can anyone offer advice on how to navigate this? Is this standard? Or should I counter with alternative payment terms? Someone told me never pay anything upfront, only pay after 100% of work has been completed. But I don’t know if this is normal.

Any advice would be greatly appreciated!!

Dylan