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Contractor Billing Format PDF for Finance

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Contractor billing format pdf for Finance

what should you pay your contractor as a deposit this is a hotly debated subject and I hope that contractors don't jump my jump down my throat as a result of this but legally a Contractor on a permitted project is only supposed to take 10 percent until he files for the permit so at home love construction that's the way we roll it is we take a 10 deposit to secure the contract and start the permitting once the permit is submitted we then take a substantially larger draw usually 30 or 40 percent because then we have to buy all our materials pay any deposits to Subs etc etc and actually get the project going from a financial standpoint and that is the way the law is set up so I'd highly recommend if you're a contractor you get in line with that because we found that out and we were like bam change it the next day

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