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.

US Legal Forms
Massachusetts Renovation Contractor Package

Massachusetts Renovation 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 - Renovation

State:

Massachusetts

Control #:

MA-P052-PKG

Format:

Instant download

Description

This package contains essential legal documents for Renovation Contractors, Owners, Suppliers or Subcontractors to use to assert their legal rights or claims and to address important legal issues regarding particular renovation project on residential property. The heart of this package is the renovation contract that complies with state law.

This package contains the following forms:

1. A Renovation Contract - Cost Plus or Fixed Fee

2. A Construction Project Information Sheet

3. A Change Order Sheet

4. A Certificate of Completion

5. A Weekly Equipment Summary

6. A Time and Material Log

7. A Bid Log

8. A Bid Follow Up Letter

9. A Summary of Estimate

10. A Schedule Sheet

11. A Job Progress Sheet

12. A Final Project Punch List

13. A Worker Safety and Health Plan, and

14. An Accident Report Form.

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

Massachusetts Contractors Forms Package

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Massachusetts Subcontractors Package

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Owner's and Contractor Affidavit of Completion and Payment to Subcontractors

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Sample Complaint by Contractor for Amount Due

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Contractor Indemnification

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Special Improvement Project and Assessment

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18 U.S.C. Sec. 1030(E)(6) DEFINITION OF ...

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Schedule J: Your Expenses (individuals)

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Unit Franchise Agreement

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Sample Letter to State Bar

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Consent to Revocation of Trust by Beneficiary

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Agreement for the Purchase of Real Property

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Sample Letter for Request for Refund - Ret...

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FAQ

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.

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.

Home improvement contractors work on one- to four-family occupied and existing structures and do not do any new build projects. To become a home improvement contractor, you need only to pay a fee to the Commonwealth of Massachusetts based on the number of employees you have and then you are issued your license.

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 .

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

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.

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.

Home improvement contractors are involved with all phases of a home improvement project, including supervising other members of the team. They speak to clients and work with them to turn their ideas into a detailed plan. They create a budget and timeline for the work involved and help keep everything on schedule.

A general contractor provides a strong background in framing and carpentry along with many other skills. Because remodeling jobs typically involve several specialty areas, the general contractor serves as a project manager who coordinates the entire job.

Massachusetts Renovation Contractor Package

Description

Related forms

Viewed forms

How to fill out Massachusetts Renovation Contractor Package?

Form popularity

FAQ

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

Can a contractor ask for more money?

How do I become a home improvement contractor in Massachusetts?

How much can a contractor ask for upfront in Massachusetts?

How much money should you give a contractor up front?

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

Does Massachusetts require a contractor license?

What can a home improvement contractor do?

What is the difference between a general contractor and a home improvement contractor?

Trusted and secure by over 3 million people of the world’s leading companies

Massachusetts Renovation Contractor Package

Description

Related forms

Related legal definitions

Viewed forms

How to fill out Massachusetts Renovation Contractor Package?

Form popularity

FAQ

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

Can a contractor ask for more money?

How do I become a home improvement contractor in Massachusetts?

How much can a contractor ask for upfront in Massachusetts?

How much money should you give a contractor up front?

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

Does Massachusetts require a contractor license?

What can a home improvement contractor do?

What is the difference between a general contractor and a home improvement contractor?

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