Posted by Dave T on December 26, 2000 at 13:18:44:
I had a $20K job done in early 1999. I hired a general contractor, agreed on the scope of work to be done and I approved his written estimate.
I paid one lump sum upon acceptance of the competed project. NO up-front deposit and NO progress payments. Eighteen months later, I noticed that some of the ceramic tiles had recently cracked. The contractor came back out with the original tile sub-contractor, and replaced the broken tiles at no cost.
There are contractors out there that have a strong enough balance sheet that they don’t need up-front deposits or progress payments. Even better if the contractor will guarantee his work because he knows that his reputation for quality and professional service gives him more work through referrals.
You might ask some of the suppliers who their best remodelling contractor clients are – that is which always pay their bills in full and on time. I got recommendations from the lighting supplier, the paint supplier, and the flooring supplier. When the same name was on all three lists, my decision to hire that contractor was easy.