Contractor request 50% deposit?, Surely it is risky
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 Feb 24 2021, 01:40 PM
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#1
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All Stars
48,532 posts Joined: Sep 2014 From: REality 
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50% is consider too high..
yes. depending on overall value of the project/renovation.. example. mine is around 35K project. gave initial 5k first... later as work progress.. I give money.. like 3k, 5k etc. weekly basis... |
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Mar 7 2021, 12:07 PM
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#2
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All Stars
48,532 posts Joined: Sep 2014 From: REality
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QUOTE(soulred777 @ Mar 7 2021, 12:01 AM) I just got a quotation. When I read the payment term got shocked. Need to pay 100% upon confirmation 😂😂 Crazy.. For me 50% also too much already... |
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Mar 7 2021, 11:40 PM
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#3
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All Stars
48,532 posts Joined: Sep 2014 From: REality
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QUOTE(apalexar @ Mar 7 2021, 11:05 PM) 3kim asking for 70% for first payment. Damn...What they thinking? We don't pay huh? |
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Mar 8 2021, 09:46 AM
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#4
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All Stars
48,532 posts Joined: Sep 2014 From: REality
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QUOTE(apalexar @ Mar 8 2021, 02:09 AM) Perhaps their end products cost is higher and high risk to loss if first payment less than 70% when customer suddenly cancel booking, or perhaps can assume 70% is their cost and 30% is profit Hmm.. Possibilities is there... 70% could be their cost.... So if u already covered that... Then u safe to go / proceed 👍 |
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Jul 5 2022, 08:37 PM
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#5
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48,532 posts Joined: Sep 2014 From: REality
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QUOTE(kelvin_ck1 @ Jul 5 2022, 10:00 AM) Don't expect Malaysia would have this kind of strong law 😁 |
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