Should you pay a contractor before or after the job is done?

Payment Schedule In Your ContractBefore any work begins, a contractor will ask a homeowner to secure the job with a down payment. It shouldn't be more than 10-20 percent of the total cost of the job. Homeowners should never pay a contractor more than 10-20% before they've even stepped foot in their home.

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Massachusetts Commercial Contractor Package

Massachusetts Commercial Contractor Package

Q: How much money should you give a contractor up front?

You shouldn&#039;t pay more than 10 percent of the estimated contract price upfront, according to the Contractors State License Board.

Q: Is it normal for contractor to ask for half up front?

A: It&#039;s not uncommon for contractors to ask for a down payment up front to secure your spot on their schedule or purchase some of the job materials in advance. Asking for more than half of the project cost up front, though, is a big red flag.I recommend tying payments to progress made during the job.

Category:

Construction - Contractors - Commercial

State:

Massachusetts

Control #:

MA-P050-PKG

Format:

Instant download

Description

This package contains essential legal documents for commercial Contractors, Owners, Suppliers or Subcontractors to use to assert their legal rights or claims and to address important legal issues regarding particular construction projects. This package is not intended to address the specific requirements for New Home Construction. The heart of this package is the commercial construction contract.

This package contains the following forms:

1. Massachusetts Commercial Contract for Contractor

2. Construction Project Information Sheet

3. Change Order Sheet

4. Certificate of Completion

5. Weekly Equipment Summary

6. Time and Material Log

7. Bid Log

8. Bid Follow Up Letter

9. Summary of Estimate

10. Schedule Sheet

11. Job Progress Sheet

12. Final Project Punch List

13. Worker Safety and Health Plan

14. Accident Report Form

15. Customer Satisfaction Survey and

16. Company Evaluation by Customer

17. Construction Contract With Subcontractor

18. Contractor's Final Affidavit of Payment to Subcontractors

Purchase this package and more than 50% over purchasing the forms separately!

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FAQ

When determining how much more to ask for as a contractor, consider factors such as project scope, deadlines, and local market conditions. You can seek to add a percentage to your base estimate to cover unexpected expenses. Many contractors find that an additional 10% to 20% is reasonable to ensure they stay within budget. This approach can help you create a comprehensive Massachusetts Commercial Contractor Package that meets your client's needs.

You shouldn't pay more than 10 percent of the estimated contract price upfront, according to the Contractors State License Board.

CSL. Construction Supervisor License +1variant.

Anyone who wants to operate as a general contractor in Massachusetts needs a Massachusetts Construction Supervisor Licenseeither restricted or unrestricted. Learn how to get a contractor's license in Massachusetts below, and work with Surety Bond Professionals to get a contractor license bond.

If the contractor requests a large sum of money before work has begun, Mozen says you should ask specifically what types of work or materials those payments are covering.Contractors sometimes have other motives, other than purchasing materials, when they ask for large amounts of money in advance, Fowler says.

Massachusetts law prohibits a contractor requiring an initial deposit of over 33% of the total contract price unless special materials are ordered. Any contractor demanding over a 33% deposit should raise a huge red flag .

A: It's not uncommon for contractors to ask for a down payment up front to secure your spot on their schedule or purchase some of the job materials in advance. Asking for more than half of the project cost up front, though, is a big red flag.I recommend tying payments to progress made during the job.

Determine the type of license you are applying for. Verify your work experience, including documentation. Submit exam registration form. Complete and pass exams. Pay administrative fees. Submit passing exam scores to the State Board of Building Regulations and Standards.

To do work as a contractor in the Commonwealth of Massachusetts, you need to be properly licensed.For projects consisting of 35,000 cubic feet of living space or less, an unrestricted construction supervisor license is required.

Payment Schedule In Your ContractBefore any work begins, a contractor will ask a homeowner to secure the job with a down payment. It shouldn't be more than 10-20 percent of the total cost of the job. Homeowners should never pay a contractor more than 10-20% before they've even stepped foot in their home.