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Updated almost 3 years ago,

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11
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0
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Alejandro C.
Pro Member
  • Arlington, VA
0
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11
Posts

General contractor asking for 50% advance

Alejandro C.
Pro Member
  • Arlington, VA
Posted

I received quotes from contractors to remodel a home in Miami (Angie.com); the contractor that I want to work with is asking for 25% when signing the contract and 25% at the start date. The other 25% when 75% of the job is completed and the final 25% when the job is completed.

I wondered if this is how it works. Thank you for your comments and guidance.

  • Alejandro C.
  • Loading replies...