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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.
Not to exceed 1/3 of the total contract price or the cost of special-order items, whichever is greater. The law forbids demanding full payment until contract is completed to both partys satisfaction.
The notice of furnishing is only required to be filed by subcontractors and suppliers. For subcontractors, closely review the Contract Documents to identify any indication of the project being registered.
A Massachusetts Notice of Contract is the first document that you must file if you want to record a mechanics lien in the state of Massachusetts, the second one being the Statement of Account. It is a document that contains all basic details about your project, including the amount that you are trying to claim.
Its common for contractors to request some form of upfront payment, but the amount and reasons can vary. Here are some key points to consider: Deposit: Many reputable contractors ask for a deposit, typically ranging from 10% to 30% of the total project cost. This helps cover initial costs for materials and labor.
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On private projects, Massachusetts Prompt Pay law requires property owners to make progress payments to Prime Contractors within 45 days after approval of invoice. The invoice must be approved or denied within 15 days.
General Liens in Massachusetts A general lien on real estate entitles the creditor to the property until the owner pays off the applicable debts. This means that any property can be sold to clear the debt.
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.

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