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Replies: 17
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Hall of Famer [22945]
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Deposit for landscape contractor
Sep 28, 2022, 12:43 PM
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Before I get FBCoachSC® FBCoach'ed out of all my money, how much deposit would you give a landscape contactor to start the job. $40k estimate includes walkway, patio area, fence, irrigation, tons of plants, trees, sod, etc.
This guy is an independent contractor and not one of the big firms, but is connected with a number of realtors here in town (so he shouldn't burn his reputation).
Guy initially sent me invoice for the full amount 'to get supplies and on schedule' and I laughed at him.
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All-In [46825]
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Don't give him a ####### thing***
Sep 28, 2022, 12:45 PM
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All-In [46825]
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Ask him for an itemized list of everything
Sep 28, 2022, 12:46 PM
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he is planning on purchasing to "get started" with an amount. Only pay that amount if anything.
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All-In [26511]
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10% deposit / 40% start of project / 50% at completion.***
Sep 28, 2022, 12:46 PM
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All-In [47796]
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^^^^this^^^^
Sep 28, 2022, 12:51 PM
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assuming backed by a strong contract and verifiable assets
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All-In [47839]
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50% up front
Sep 28, 2022, 12:47 PM
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40% at 75-80 percent completion, 10% holdback paid after completion and you are satisfied with the job
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CU Medallion [56087]
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Offer to park the deposit with an escrow agent.***
Sep 28, 2022, 12:47 PM
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All-In [32653]
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$8K to start and then set up milestones when he gets his
Sep 28, 2022, 12:50 PM
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next draw - like:
When the X is done - $10K more
When Y is done - $10K more
and so on …..
Leave $5K to $8K as the final amount paid once the punch list is complete and the job is finished to your satisfaction.
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Heisman Winner [135609]
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Definitely some good ideas in this thread, although
Sep 28, 2022, 12:55 PM
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I've always found that blackmail and cartel-level threats of violence are the best methods of ensuring a job well done at a fantastic price.
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Hall of Famer [24777]
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So showing a sampling of the gun collection...?***
Sep 30, 2022, 7:28 AM
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Oculus Spirit [93668]
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Heisman Winner [105587]
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Step 1, take estimate to your cousin and see how much
Sep 28, 2022, 1:08 PM
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he can do it for. Tell him you will give him $15k to do the work, $1000 up front to get all the pallets and $14k on the back end after he stains it with the motor oil.
Landscape Contractors are a rip-off
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Heisman Winner [135913]
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Put it all
Sep 28, 2022, 1:16 PM
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In a paper bag. Unmarked mix of used 20s & 100s
I’ll hold it for him until you say it’s all good
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Hall of Famer [24777]
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So I saved myself roughly $30k by doing all that myself..?
Sep 30, 2022, 7:32 AM
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Of course, that was 15 years ago, so...
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CU Medallion [60229]
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materials get paid for when delivered onsite for safekeeping
Sep 30, 2022, 7:55 AM
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or stored in a bonded warehouse that you can visit and verify.
That's how it works. He would know this.
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CU Medallion [64837]
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Lot o points [155922]
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Hang on, I'll find out for you.
Sep 30, 2022, 8:03 AM
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FBCoachSC®
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Oculus Spirit [93668]
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Ask for a schedule of values including a scope of work.
Sep 30, 2022, 8:44 AM
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That will explain how much each activity is worth which will tell you how much to pay him as the project progresses. You have his total price so forcing him to look closely at his estimate will keep you both out of trouble. Don't let him price items by the square foot, linear foot or any unit. Ask him for total cost of each activity and that he will provide a full description of each activity.
If he front end loads it a bit that's fine just make sure the last activity has a fat paycheck waiting for him when he finishes. If he balks at doing business your way you'll know he's a crook.
Make the previous paperwork part of a contract. Do not make changes to the scope of work without a jar of Vaseline.
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