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Massachusetts law prohibits a contractor requiring an initial deposit of over 33% of the total contract price unless special materials are ordered. Any contractor demanding over a 33% deposit should raise a huge red flag .

Deposits for contractors are critical because they essentially allow your project to begin! Your general contractor needs to secure a crew and begin ordering materials right away. They may also need to rent equipment. And your contractor can't take on all the financial liability for these commitments themself.

The exact deposit amount contractors ask for upfront varies and is especially dependent on the size of the project. For relatively small jobs, like a $16,000 bathroom remodel, contractors may ask for a 50% deposit. For large jobs, like a $100,000 full-home renovation, a 10%?20% deposit is more typical.

A person or business must have a Home Improvement Contractor license to do construction, repair, remodeling, or other home improvement work to any residential land or building in New York City.

For the most part, a New York contractor has to have a license for each part of the state they are working in, and each area has its own requirements. In general, areas outside of New York City require contractors to submit: The proper licensing fee (varies by city and county) Proof of general liability insurance.

Home improvement contractors must be licensed in New York City, Suffolk, Nassau, Westchester, Putnam, and Rockland counties, and the City of Buffalo. Before you hire a home improvement contractor, use these links to check whether the contractor is licensed or registered in your county.

Any deposit required to be paid in advance of the start of the work cannot exceed one-third of the total contract price or the actual cost of any material or equipment of a special order or custom made nature, which must be ordered in advance of the start of the work to assure that the project will proceed on schedule.

Elements of a Construction Contract Name of contractor and contact information.Name of homeowner and contact information.Describe property in legal terms.List attachments to the contract.The cost.Failure of homeowner to obtain financing.Description of the work and the completion date.Right to stop the project.

Avoid paying in cash. Contractors cannot ask for a deposit of more than 10 percent of the total cost of the job or $1,000, whichever is less. (This applies to any home improvement project, including swimming pools.)

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.

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Suffolk New York Contract or Agreement for the Construction of a Residence or Home

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

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How much can a contractor ask for upfront in Massachusetts?

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