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DOWN Payments for a Contractor to charge legally. in MISSOURI

MissouriPrompt Payment

What is the MAXIMUM DEPOSIT DOWN for a Contractor to charge for a house siding job in MISSOURI. . . the entire estimate was 8200.00 Job. I was asked for 75% down. 25% on completion. I felt this a bit Unreasonable. . . & very HIGH!!

1 reply

Nov 1, 2021

There is no Missouri statute limiting the deposit. If the contractor wants an amount that you deem unreasonable, then hire someone else. 75% down seems very high.  

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