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Responsibilities 7. T&D Services and Responsibilities 8. Consolidated Utility Billing 9. Transaction Processing 10. Customer Service 11. Load Estimating and Reporting 12. Additional Services 13 Fees, Billing and Payment for T&D Services 14. Nondisclosure 15. Termination: Breach 16. Force Majeure 17 . Indemnification 18 Limitation of Liability 19. Terms and Conditions 20. Dispute Resolution 21. Notice 22. Governing Law 23. Enforceability 24. Assignment and Deleg.
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MPUCs FAQ
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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.
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Let's start this one with this. Any reputable contractor doing work in your home will likely require up to a 30% deposit on the work. Again, any reputable contractor doing work in your home will collect a deposit for the work to be done. This is not a scheme, but a way to cover initial costs leading up to your job.
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REMEMBER The down payment cannot be more than $1,000 or 10 percent of the contract price, whichever is less, for a home improvement job or swimming pool, excluding finance charges.
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A deposit is an amount of money given to the contractor in order to begin the project. Contractors usually use deposited funds to start purchasing materials and to pay for their labor costs as work ramps up. How deposits are applied against future invoices can vary from contractor to contractor.
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Contractors can't ask for more than 1/3 of the full project price upfront as a deposit or down payment. Any changes to the original contract must also be in writing.
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