Rupert Posted July 5, 2017 Report Share Posted July 5, 2017 I do believe to be fair to both sides that 'staged' Payment should be made with an upfront ' get you going' amount. Not all builders have the cash flow for outlay on initial phases which are quite often the most expensive. Just my tuppence worth This would be lovely, but trust is hard earned,easily undermined, someone has to go first. The whole construction sector is built on contractors extending unsecured credit to unknown individuals. Quote Link to comment Share on other sites More sharing options...
winnie&bezza Posted July 5, 2017 Report Share Posted July 5, 2017 Winnie and twisted, It's like comparing Apples and Bananas Where goods/services are provided on a business premises it usual for Payment on collection to be applied-- no payment, no takey However the very nature of the building game dictates this is not really possible. I do believe to be fair to both sides that 'staged' Payment should be made with an upfront ' get you going' amount. Not all builders have the cash flow for outlay on initial phases which are quite often the most expensive. Just my tuppence worth Totally agree. I won't ever be a big contractor and I plan for it just to be me so won't have big material costs etc. Quote Link to comment Share on other sites More sharing options...
team tractor Posted July 5, 2017 Report Share Posted July 5, 2017 If you want a job doing by me you have to pay full materials up front . No money no work 4 months booked . Just had the confirmation on 9 kitchens , 5 sets of bifold doors to make and fit , multiple stair cases to refurb. All deposits are paid and they'll all wait 4-6 months without a worry. A garage can hold onto your car but we can't Quote Link to comment Share on other sites More sharing options...
vampire Posted July 5, 2017 Report Share Posted July 5, 2017 (edited) So for example,i fit a new kitchen We order kitchen,customer invoiced + margin We rip out and alter existing we fit new we invoice for works we wait Or we fit new tap we buy tap we fit tap we invoice + margin we wait Called cash flow and staying in business. Edited July 5, 2017 by vampire Quote Link to comment Share on other sites More sharing options...
brett1985 Posted July 6, 2017 Author Report Share Posted July 6, 2017 (edited) In all fairness, I dont usually charge the material costs upfront. The current job I'm on had £900 worth of materials needed... customer didn't even bat an eyelid when I asked him for the money last Thursday. Got a massive decorating job in 2 weeks time, that customer is also fully aware that the materials need paying for before I start and they're more than happy. As a general rule of thumb I usually put 10% on all materials, as others have said, as long as that doesn't make them more expensive than normal retail then I don't get any complaints. We're all here to make money at the end of the day. 🖒 Edited July 6, 2017 by brett1985 Quote Link to comment Share on other sites More sharing options...
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