In my partnership, I don't deal with any builders/tradesmen when we have work done on the building, repairs, renovations etc. Generally, we agree something needs doing and a colleague arranges it all.
I'm now frustrated as yet another piece of work has failed and the tradesman is awol and as he was paid in full there is 'nothing we can do' according to my colleague. To me, we are just throwing money away with no improvement to the problem.
I was doing some research on a residential side and I came across some tips for when working with builders and want to know if it is common practice for this to be done in commercial side too (please excuse my naivety, as I said I focus on other areas).
Schedule of works
Retention 6 months
At the moment, they just agree a price and works then pay in full at the end and it then goes to pot.
My main interest is the contract and retention. Are the contracts usually the 'JCT' ones?
What level is the rentention usually - 5%/10%?
Not all our jobs are huge, some are just repairs - would you always insist on all the above on any job?
Thanks in advance - I reallt want to get this sorted before I pull all my hair out...