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The exact deposit amount contractors ask for upfront varies and is especially dependent on the size of the project. For relatively small jobs, like a $16,000 bathroom remodel, contractors may ask for a 50% deposit. For large jobs, like a $100,000 full-home renovation, a 10%20% deposit is more typical.
To become a general contractor in Maine, according to the Office of the Maine Attorney General, one must simply apply for and obtain a business license, as well as include a written contract for all construction and home improvement projects over $3,000.
Although there is no statewide Maine handyman license, home improvement contractors must meet a few requirements....For example, you may not engage in any of the following types of work without the appropriate license: Plumbing. Electrical projects. Oil burner service or installation. Radon testing or mitigation.
Written Contracts Are Required For all home construction and home improvement projects over $3,000, Maine law requires a written contract with a specific provision that prohibits payment up front of more than one third of the contract price.
There are four simple steps you should take: Choose a business name. File a certificate with the city or town clerk. Obtain licenses, permits, and zoning clearance. Obtain an Employer Identification Number.