hi all,

Am going to renovate my place soon and the contractors who I engaged directly ( no ID ) asked me to pay them 50% upfront and once project is half done, pay another 45% . Balance 5% to be paid when project is done.

Is this the norm ? It seems risky as he can just run road once he collected the 95% right ? Any advice is deeply appreciated . Thanks

Very very dangerous. 5% at the end is NOT enough. They don't need this 5%. That means they don't need to complete your job.

Hi Nerrad,

 

  Thks for yr reply . It seems that all the contractors I approached have similar terms  One got 'angry' when I proposed diff terms ! Pissed off . Could this be industry norm ?? 

I paid 40/40/20 when I renovated but that was 7 years ago. Also direct contractor without ID.

Difficult to imagine that cannot nego.

contractors now v one kind...difficult to deal wif...sian

 

My contractor in the biz for 30 years n a sole proprietorship...HDB licenced contractor ...seems OK ?

Edited July 20, 201610 yr by litechaser