On 11/04/03 03:51, Ernie Bornn-Gilman said...
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A totally unrelated topic --
Where are you located? Where is the Hand State,
or what is the joke.....because
Here in California, it is only legal for a contractor
to ask for 10% of the entire job before starting...so
what contractor would pay you 1/3 ot 1/2? Or
is it just that they see how unreasonable only
10% is, so they pay what makes sense?
Ernie...believe it or not MANY states are far more lenient and fair in what contractors ask for up front...many CEDIA courses in the management this year discussed better ways of billing and the bottom line...
as a standard rule, we bill using a 30%/30%/30%/10% formula...this way we are actually fully paid when the job is substantially complete.
With our builder customers it's 50%/30%/20%
avdude
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