What is a reasonable down payment for 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.

US Legal Forms
Florida Renovation Contractor Package

Florida Contractor

Name: Florida Renovation Contractor Package
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.72 (205 reviews)

Category:

Florida Construction - Contractors - Renovation

State:

Florida

Control #:

FL-P052-PKG

Format:

Instant download

Description Contractor Form Bundle

This package contains essential legal documents for Renovation Contractors, Owners, Suppliers or Subcontractors to use to assert their legal rights or claims and to address important legal issues regarding particular renovation project on residential property. The heart of this package is the renovation contract that complies with state law.

This package contains the following forms:

1. A Renovation Contract - Cost Plus or Fixed Fee
2. A Construction Project Information Sheet
3. A Change Order Sheet
4. A Certificate of Completion
5. A Weekly Equipment Summary
6. A Time and Material Log
7. A Bid Log
8. A Bid Follow Up Letter
9. A Summary of Estimate
10. A Schedule Sheet
11. A Job Progress Sheet
12. A Final Project Punch List
13. A Worker Safety and Health Plan, and
14. An Accident Report Form.

Purchase this package and more than 50% over purchasing the forms separately!

View Florida Contractors Forms Package

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View Florida Subcontractors Package

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View Owner's and Contractor Affidavit of Completion and Payment to Subcontractors

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View Sample Complaint by Contractor for Amount Due

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View Contractor Indemnification

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Florida Contractor Package Other Form Names

Florida Renovation Package Florida Contractor Pdf Florida Contractor Form Application Florida Contractor Form Florida Contractor Packet Florida Form Packet General Contractor Price Sheet

Florida Contractor Agreement FAQ

Read and understand the contract. Never pay the full amount of a repair up front and hesitate before providing large deposits. Florida law requires a contractor to apply for a permit within 30 days and start work within 90 days if he collects more than 10 percent of the contract up front.

Most typically legit contractors request about 10% - with subsequent draws as certain stages in the project are completed. And in fact, a down payment of more than 10% imposes certain statutory requirements on the contractor. See section 489.126 Florida Statutes set out below.

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.

Generally, Florida contractors are mandated to be licensed and registered to work in the whole state. Interestingly enough, due to its sunny climate, Florida has a lot of swimming pool works that are always ongoing.

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.

A general contractor's license in Florida ALLOWS you to: Build, repair, and remodel any type of building, regardless of size or number of stories.Remodel any type of commercial or residential property. Perform clearing, grubbing, grading, excavation, and any site work for any construction project.

Division 1 Categories include General, Building and Residential Contractors.Tower Specialty Contractors, Demolition Contractors and Industrial Facility Contractors must pass the same General category examination of three parts, Contract Administration, Project Management and Business and Finance.

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

Any certified building contractor may perform clearing and grubbing, grading, excavation, and other site work for any construction project in this state, limited to the lot on which any specific building is located.

Florida Contractor

Description Contractor Form Bundle

Florida Contractor Contract Related forms

How to fill out Florida Renovation Contractor Package?

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Florida Contractor Paper Form Rating

Florida Contractor Application Form popularity

Florida Contractor Package Other Form Names

Florida Contractor Agreement FAQ

How much can a contractor ask for upfront in Florida?

How much of a deposit can a contractor ask for in Florida?

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

Do subcontractors need a license in Florida?

What is a reasonable down payment for a contractor?

What can a Certified General Contractor do in Florida?

What is a Division 1 contractor in Florida?

How much money should you give a contractor up front?

What can a certified building contractor do in Florida?

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Florida Contractor

Description Contractor Form Bundle

Florida Contractor Contract Related forms

Related legal definitions

How to fill out Florida Renovation Contractor Package?

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