How do payments work?

Living room Remodel Most people assume that when they work with a contractor, they will need to make payment by the 1/3, 1/3 and 1/3 method.  And many companies use this method. Unless we are doing a small project Almar does not use this method.Instead we use a Progress Payment Schedule (or Milestone Payments). At first the idea of seeing something out of “the norm” (or what they think they … [Read more...]

Progress Payment Schedules

Many years ago thru an educational training for contractors we were introduced to the system of using a Progress Payment Schedule (or Milestone Payments) instead of the more commonly know 1/3, 1/3 and 1/3 method. So for almost the last 30 years on 90% of our projects that is how Almar has built our payment schedules. At first the idea of seeing something out of “the norm” (or what they think … [Read more...]