Why Contractors Ask for Money Up Front
PRESENTED BY MASTER BUILDER CONSTRUCTION TX THE CONTRACTOR JOURNAL REAL JOBS • REAL PROBLEMS • REAL CONSTRUCTION THE BUSINESS OF BUILDING / MONEY & CONTRACTS Why Contractors Ask for Money Up Front. The homeowner sees a payment. The contractor sees materials, labor, subcontractors, equipment, suppliers, fuel, scheduling—and a whole line of people who expect to get paid. FROM THE FIELD • CONCRETE • LABOR • THE MONEY BEHIND THE BUILD There is something homeowners and contractors have argued about forever: Why does the contractor need money before the job is finished? And I understand why somebody asks. You're handing another person thousands of dollars. You want to know where the money is going. You want to know the work is actually going to happen. You don't want somebody taking your money and disappearin...