whats the thoughts on deposits for work

Discussion in 'Builders' Talk' started by b4xtr, Nov 26, 2017.

  1. b4xtr

    b4xtr Active Member

    Evening all

    Looking to have the drive done which involves digging out old and replacing with pavers and also rebuilding front wall.
    Had a few quotes and settled on one (local, good reputation,seen finished work) although it's the most expensive
    Digging out and prep will be done before xmas and pavers etc laid after xmas
    Thing is, the guys quote is asking for a deposit to cover materials before work starts and this amounts to approx 15k
    this is a bit of a concern to me so my question is, is this usual ?
    what do you guys think ??
  2. KIAB

    KIAB Super Member

    No way I would pay that amount up front, goodbye money.:eek:

    Pay for the work of digging out.
    Last edited: Nov 26, 2017
    vivaro man and longboat like this.
  3. Danscott123

    Danscott123 New Member

    I agree with KIAB.

    That surely is way over the top to cover materials.
    I personally wouldn’t hand over that much before any work was done.
    vivaro man likes this.
  4. longboat

    longboat Screwfix Select

    That's a hell of a lot of money when you are waiting several weeks for any materials to be delivered to site.

    Some folk are 'local' everywhere.
  5. KIAB

    KIAB Super Member

    Well, one builder would be having one hell of a Christmas this year.:D

    I would rather order & pay for the materials myself,then they are yours, seen it a few times over the years where the materials to be delivered, then recovered by bailiff, or firm who supplied them,when builder doesn't pay for them or goes bust.
  6. Jord86

    Jord86 Screwfix Select

    I agree with taking a deposit, but that amount is laughable. As KIAB says, pay for digging out and purchase the skips, then pay for the work done before xmas, then sort the rest out once completed in the new year.
    vivaro man likes this.
  7. Isitreally

    Isitreally Super Member

    It's all depends how much the whole job is, 15k is an awful lot of money for a driveway deposit, unless the job is a 40k+ job.

    Why is it not possible to finish before Christmas???, I for one wouldn't want my driveway in a half finished state over the holiday period.
    If it was to be i would expect a sizable discount for the inconvenience.
    vivaro man likes this.
  8. wiggy

    wiggy Screwfix Select

    Tell your paver that you're not happy with such a large amount and buy the materials yourself.
  9. Dr Bodgit

    Dr Bodgit Super Member

    That's a massive deposit, what proportion of the total price is it?
  10. Sparkielev

    Sparkielev Screwfix Select

    Your drive must be huge! handing over 15grand to a stranger over Xmas if he insists on it then I would do some checks, I know some have said buy materials yourself the thing is most trades hate that
  11. As folk say, that's a HUGE deposit (how big's your bludy drive?!)

    However, I would not recommend you sourcing the materials yourself - leave EVERYTHING to the installers and then you'll be fully covered should anything go wrong.

    Solution? Simple - a deposit protection scheme, which any self-respecting company should have in place, especially with such sums.

    I had a couple of windows fitted a few years back and the deposit was only a few £undred. But they still had that insured and sent me the cert.
    KIAB likes this.
  12. b4xtr

    b4xtr Active Member

    Many thanks to all who replied, helps get some perspective.
    For clarity, it's not a huge drive, just having a lot done with fairly expensive mats.
    Hadn't thought about deposit protection so cheers DA
    As Sparks said, i had offered to buy the mats but he wasn't keen on that and as DA says i would rather the installer organise everything
    I would prefer staged payments as suggested above so i think i will discuss it with him and if he can't see my POV i will pass on it
    vivaro man and KIAB like this.
  13. KIAB

    KIAB Super Member

    Fairly expensive mats?

    What is size of the area for drive.
  14. b4xtr

    b4xtr Active Member

    I think it's about 110 - 130 m2
    plus there's edging, drop kerb and a brick boundary wall

    Gonna have a chat with him today, see where we can or can,t agree
  15. Good luck - I hope they appreciate your point (and I'd be truly worried if they didn't).

    I'm astonished that any company thinks it's 'ok' to ask for £15k up front with no protection - that's just crazy.

    If their business credit rating is decent, this insurance shouldn't cost them much at all - as I said, the local window co I used did this as a matter of course (and I wasn't even expecting it for such a small deposit).

    This company wants your job - they'd be nuts not to. It's time they acted professionally to ensure it.

    I honestly think you'd be crazy to hand over any significant sum without this protection - and by significant I mean less than one thousand.

    You are not being unreasonable. All you have to ask them is "What would happen to this money if your company folded? Or if your accountant ran off with the money?" Any flannelling on the answer - "Och, that'll never happen!" - tells you instantly they are not as professional as they should be.
    KIAB likes this.
  16. KIAB

    KIAB Super Member

  17. Stop it, you.

    And Merry Christmas!
  18. b4xtr

    b4xtr Active Member

    Ha, way too early for xmas this and xmas that (in my house anyway )

    Good advice DA, i know trades have to get orders in and there's a machine and skips to hire but it's waay too much for my comfort levels

    Makes me wonder though, who on here ( pros)has deposit insurance ?? is it a standard thing with tradesmen these days ?
  19. I personally think that most companies should have enough 'contingency' to get the job started without expecting the customer to cough up the cash up front, but as soon as they do buy materials/start the job, the first instalment can be asked for.

    This should all be worked out, agreed and written down. (Again, from a personal example, when we had the loft converted over a decade ago, I knew exactly when a payment was expected from me, and this kept pace with the job. Bottom line - if they had folded, I wouldn't have been left too badly in the lurch - pretty much all the materials and work I'd paid for I would have already received.)

    So a company should either use that method or else deposit insurance.

    £15k, tho'? I can't get my head around that figure - what the heck do they need that for?!

    I'd, too, be interested to hear how the tradesfolks on here handle this, especially on bigger jobs like yours.
    Last edited by a moderator: Nov 27, 2017
    KIAB likes this.
  20. KIAB

    KIAB Super Member

    Same here, can buy a lot of materials for that large sum.

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