renovation contracts: Think carefully before paying a contractor up front
- 11/14/17 10:05 AM
(NC) You've decided to get going on your dream renovation and worked out the details with a contractor. Now you're anxious to get the work started. But the contractor wants half the money up front. What should you do? Think very carefully before paying. Then think about finding a different contractor. Outside of specific circumstances — such as pre-ordering high-value custom products that cannot be returned, paying for permit fees, road cuts, tree removal, building demolition, or moving hydro wires — down payments for work not yet completed should never amount to much more than 10 per cent of the total cost. If (1 comments)