I recently got a quote for a masonry job that's going to cost around $50,000, and the contractor is asking for a 60% down payment upfront. I've heard that contractors around here can be a bit sketchy, and while this one was highly recommended and provided an insurance certificate right away, I feel this request is a bit much. I thought masonry jobs usually have less upfront material cost compared to, say, a kitchen renovation. Plus, I might've mistakenly labeled the job as 'masonry'—it's largely cement and rebar with only some bluestone treads, which shouldn't be the bulk of the cost. The work involves replacing steps and landings, as well as a door below one of the landings. What do you all think?
3 Answers
It's not uncommon for contractors to ask for larger deposits, especially if they’ve had issues with payment in the past. But I would definitely try to negotiate that down. If you feel it's too high, just be honest with them about your concerns. Good contractors will work with you on payment terms that you're both comfortable with.
A 60% down payment seems pretty steep to me, but 50% is often standard for masonry jobs because materials make up a huge part of the cost. If you're uncomfortable, you could ask to pay the material supplier directly, which might ease your worries about the contractor. If they push back on that, then I’d definitely reconsider things. It's all about feeling secure in the deal!
Yeah, that sounds like a solid plan. It's definitely worth negotiating if you feel uneasy. Contractors usually understand that it’s a big commitment.
Honestly, 60% does raise a bit of a red flag. It sounds like they're trying to cover their costs just in case something goes wrong. But just because it's high doesn't mean it’s wrong. It's common for them to charge more upfront for materials, especially if they're dealing with a bigger job. Maybe ask for a more realistic payment schedule!
Totally agree! I had a contractor who asked for a hefty upfront fee, and when I pushed back, we worked out a more manageable payment plan that made it easier for both of us.
Yeah, being upfront can save you a lot of stress! It's your money, so don't hesitate to speak up!