What’s this thing of asking 50% down

[Lior Golan]

Hi,

I am keeping to meet contractors/service companies that asks 50% down before even start the job!!!

I am trying to understand why??

Now I understand sometimes that in big projects they can ask for 10-15% down to gather some materials but other than that, why people don’t accept to be paid let’s say twice a week on a part of jobs that is DONE and not BEFORE DONE??

It’s really hard to find contractors, I have found some realtor nice siblings, good people… but they want 50% down before even start! And tried to explain them that I don’t work like that and they just said “50% or no job”. So I said bye….

I have a good experience with an other contractor that I have who I am paying him ONLY FOR JOB THAT HAS BEEN DONE! And this is how I think everybody should do.

What are your thoughts?