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Deposits On Jobs

16425 Views 15 Replies 13 Participants Last post by  Ken S.
Hi All,
My question is on taking a deposit for a job. I understand that the idea of a deposit is so if the person backs out of a job at least by taking a deposit you can recoup your paint costs and possibly a days loss in pay. Correct? Also what do most do if the customer asks for the deposit back?
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have business in nj dont take deposit,request 1/3 down at start,1/3 half done,1/3 at completion.never had any one back out or complain about pymt plan.p.s. i do half and half on completion on jobs under $500
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