Should i pay before work is done?

Question

We've bought a house that needs lots of work. We're trying to do lots of ourselves, but there are things we'd like to get the experts in for. I know trades all have different terms, but what is standard? I'm just quite nervous about handing over lots of cash before anything is even done. What are the terms that people work on for larger projects like bathroom refurbs, garage conversions, and extensions? On top of that, is escrow something that is used for larger projects?

Anthony · Accepted Answer

I would say don’t pay for everything up front, we take an agreed deposit on the start of the works and then stage payments as the job progresses, with a final payment on completion and sign off of works.
We normally have this written into a contract which both parties agree and sign before works start, this way both parties are covered.

Gary · Answer

I normally ask for 1/4 upfront then same halfway through the work

Gentur · Answer

Usually small deposit to secure the work and stage payments as the job progresses with contract signing in , and payment bank transfer is the safest way

Adam · Answer

It's not unusual for the customer to cover the cost of materials on larger jobs, but I wouldn't pay in full until the job is finished. Generally your builder is going to be a decent family man just trying to earn a living. Obviously there are the odd rouges out there you just need to use your good judgement.

Should i pay before work is done?

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