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I host the London Real Estate Meet on the 2nd Tuesday of every month since 2005. If you have never been before, email me for the 'new visitor' link.
Also happy to chat on the phone. Pay It Forward; my way of giving back through sharing. Click on the link: PropertyFortress.com/Ask-John to book a time. I will call you at the time you selected. Nothing to buy. Just be prepared with your questions so we can use the 20 minutes wisely.
John and Marcus, as I said in my post, many builders do like money up front and it generally works out Ok for everyone. Personally I don't and there are a few reasons for that. One is that it depends upon the kind of service you see yourself providing. You generally pay first in a cafe, but in a restaurant you pay after dining. Restaurants don't usually have a problem with this. Another is that I'm quite choosy about who I do work for. Another is that I like to start from a position of trust. Another that people rarely catch a cold right at the start of the job. If they are going to have cashflow problems it is generally at the end when the money starts to run out. Another is that I've been doing it this way for nearly 30 years and never had a problem! But, if I had a few blokes to pay on my own books I might feel differently. As it is I always use independent subcontractors, they get paid independently of me. This is good for the client as it keeps much of the work below the VAT threshold, altho I take overall responsibility if I am running the contracts. We might want some money at the end of the first week tho!Hi Adrian, it may well be a good idea for Crystal to use a Minor Works Building Contact but I disagree that any decent builder will necessarily be familiar with the terms. I for one have never been asked to sign one. (Maybe that's because I like to start from a position of trust - see above!)RichRich
Hi CrystalI would suggest you use a Minor Works Building Contact from the Joint Contracts Tribunal. This is the standard document used in the building industry for minor works and any decent builder will be familiar with the terms. It only costs £12.95 plus VAT but it could be the best legal document you ever bought if a problem arose. You can buy one at most good stationers or onlinePayments are made 4 weeks in arrears based on certain milestones being achieved and if a dispute arises, there is a standard dispute resolution process which you can follow. I would also recommend that you get all the certificates needed for the job, such as Gas Safe, NIC/EIC, FENSA, building control etc. as you need these if you should ever sell the property.Adrian Standinghttps://www.juniperproperty.com