Contractor Pay Schedule

[Michael Moikeha]

Last year I had a contractor walk in the middle of a job with a few extra thousand dollars we had paid them, and it cost more than that to get another contractor in there to complete it.

I have a $150,000 project right now, and I am wondering what clauses, or what payment schedule people use to ensure that contractors are finishing projects and are motivated to do so through a draw schedule that ensures they are never being paid for work that hasn't been completed.

Thanks in advance for any advice.

[Michael Moikeha]

 True, but you also don't pay 1/3 when you call in for your reservation, 1/3 when you show up, and then the rest after you eat.