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Shall Pay Contractor a Percentage of the Contract Price in Proportion to the Amount of Work  Form

Shall Pay Contractor a Percentage of the Contract Price in Proportion to the Amount of Work Form

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Instructions and help about Shall Pay Contractor A Percentage Of The Contract Price In Proportion To The Amount Of Work

[Music] get this question a lot and the question is simply this how much money should I give my contractor upfront and I have a very simple answer for you as little as possible you want to give your contractor almost no money upfront if you possibly can so that way they don't steal it from you however there's a moment of truth that's going to happen between you and your contractor and that is do you trust each other at some point you're gonna trust him with money and he's gonna trust you that you're gonna paint him money so one of you have to trust each other probably more than the other right the contractor might come to you say I need to draw schedule I need this much money upfront you know how much is that 10% I don't know how much that is right and you give him 10% well now you have faith that he's gonna complete the work don't work if you flip the script right you say well I don't trust you that much I

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