Pay the contractor nothing at all and do not sign the contract until
you have every penny from all the special assessments. You should not
need a signed contract to levy an assessment. If you do not have the
money in reserves to cover all the work and any potential change
orders, do not do anything.
No way. What are you getting for the deposit?
How much labor? Do not make any payment for material that has not been
reviewed and approved by your inspection service (you do have one,
right?) prior to its delivery. Do not accept delivery of material not
approved. Ask for samples of all material and then rigorously enforce
the quality standards.
Payment upon satisfactory completion including repair of all punch
list items and sign off by the inspector is more appropriate.
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.