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Started By
Message
1
Posted on 9/16/14 at 6:34 pm to Iowa Golfer
quote:
The contractor should take a deposit. The initial deposit should only be 20-30% or so. If the contractor wants a huge deposit find another contractor. He is robbing Peter to pay Paul and eventually will be walking away from jobs without completing them.
Trust me, I've been in commercial banking 15 yrs. been there seen this many times. Good contractors typically have the cash flow to do most of the job before insurance releases funds.
Small deposit yes, anything else run like hell
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