Construction forum - Down Payment At Signing Of Construction?

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Down Payment At Signing Of Construction?

Dave

2005-06-16, 2:11 pm

Why is it that Home Depot can demand full payment upfront before the home
improvement is started but contractors in California can only get 10% or up
to $1,000.00 as a down payment at signing???

Thank you!

Michael $LS$

2005-06-16, 2:11 pm

"Dave" <jarjoura@sbcglobal.net> wrote in message
news:%KzVd.8784$OU1.2075@newssvr21.news.prodigy.com...

quote:

> Why is it that Home Depot can demand full payment upfront before the home
> improvement is started but contractors in California can only get 10% or

quote:

> to $1,000.00 as a down payment at signing???
>
>

It might have something to do with the fact that the chances of Home Depot
taking your $ and running (or going out of business) is less.

Michael (LS)

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