Concrete Mason Contract for Contractor - Massachusetts 2025

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By law, the contractor cannot collect more than 1/3 of the cost of the contract in advance, unless special order materials are needed.
For a small job 1/2 upfront and 1/2 on completion is normal. The contractor needs to be able to buy materials, set aside the time, etc. For a bigger job (more than a few days) you might pay in installments of 1/3 or 1/4 along the way.
Owner to Prime Contractor (Public): 15 days after receipt of invoice. If the entity is a commonwealth entity, payments must be made within 30 days. Final payment is due 65 days after invoice.
The exact deposit amount contractors ask for upfront varies and is especially dependent on the size of the project. For relatively small jobs, like a $16,000 bathroom remodel, contractors may ask for a 50% deposit. For large jobs, like a $100,000 full-home renovation, a 10%20% deposit is more typical.
Most general contractors do not charge an hourly rate. Instead, our research indicates that general contractors charge about 10 to 20% of a projects total construction costs. A big, established general contractor company can charge an even greater difference of 25% of a projects costs.

People also ask

Typically a contractor would ask for 50% upfront to cover the initial get go of a project. Like stated above materials and wage costs. My advice to you would be to ensure everything is typed in a contract that both you and the contractor have signed.
Up to a 50% Deposit Can Be Reasonable Almost every contractor charges a homeowner a deposit on a remodeling contract. Up to 50% of the total project cost can be reasonable, although 10% to 30% is more common.
Interest Fees If payment is late ing to Massachusetts Prompt Payment requirements, the states general interest statute presumably applies, since this is a contract dispute. The general interest penalty is 12% per year.

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