How much of a deposit should you give a contractor?

Payment Schedule In Your Contract Before any work begins, a contractor will ask a homeowner to secure the job with a down payment. It shouldn't be more than 10-20 percent of the total cost of the job. Homeowners should never pay a contractor more than 10-20% before they've even stepped foot in their home.

Can I be my own general contractor in Arizona?

Under Arizona law an owner of any land can build a home on that land without obtaining a contractor's license but only if the owner of the land intends to occupy the home, and does not intend to sell or rent the home.

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Arizona Excavator Contract for Contractor

Arizona Excavator Contract for Contractor

Name: Arizona Excavator Contract for Contractor
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.62 (412 reviews)

Category:

Arizona Construction - Contractors - Excavation

State:

Arizona

Control #:

AZ-00462-15

Format:

Instant download

Upgrade to a Package! Excavation Contractor Value Pack. Essential Forms. Go to Package

Description

This form is designed for use between Excavator Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of Arizona.

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View Seller's Disclosure of Forfeiture Rights for Contract for Deed

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View Contract for Deed Seller's Annual Accounting Statement

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FAQ

You shouldn't pay more than 10 percent of the estimated contract price upfront, according to the Contractors State License Board.

Payment Schedule In Your Contract Before any work begins, a contractor will ask a homeowner to secure the job with a down payment. It shouldn't be more than 10-20 percent of the total cost of the job. Homeowners should never pay a contractor more than 10-20% before they've even stepped foot in their home.

Many contractors won't ask for any more than 10 percent, but if you're uncomfortable with even that amount, Palmer says shop around. Get at least three bids for a job. A down payment may not be needed at all.

Under Arizona law an owner of any land can build a home on that land without obtaining a contractor's license but only if the owner of the land intends to occupy the home, and does not intend to sell or rent the home.

Arizona law allows unlicensed contractors to perform certain jobs as long as they cost less than $1,000, including labor, materials and other items. This is commonly referred to as Arizona's "handyman" exemption for a limited range of services.

A: It's not uncommon for contractors to ask for a down payment up front to secure your spot on their schedule or purchase some of the job materials in advance. Asking for more than half of the project cost up front, though, is a big red flag.I recommend tying payments to progress made during the job.

The minimum penalty for contracting without a license as a first offense is a fine of $1,000 plus an 83% surcharge. A.R.S. § 32-1164(B). In most cases, an unlicensed contractor will simply face a fine, but jail time is not out of the question if the perpetrator is a repeat offender or the facts are egregious.

Arizona Excavator Contract for Contractor

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FAQ

How much money should you give a contractor up front?

How much of a deposit should you give a contractor?

How much can a contractor ask for upfront in Arizona?

How much can a contractor ask for up front in Arizona?

Can I be my own general contractor in Arizona?

How much work can you do without a contractor license in Arizona?

Is it normal for contractor to ask for half up front?

How much can an unlicensed contractor charge in Arizona?

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