I am almost positive that there is no limit on the amount I can request as a first payment(deposit) on a $25k bathroom job that I am doing here in Florida. Is there? I know that in NY there put it in an escrow account and in California it is 10%. The general contractor I am dealing with complained about me asking for 30% up front. I have not done work for him before but since I am only supplying pipe and fittings for the 31 bathrooms, I figure I can knock it down to 15%. If he complains about $3,700 on a job that probably cost $500,000 total....I'll walk. What are your thoughts on it? especially in this economy...
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