“This is complete BS (from Mike Holmes), especially from someone who went broke as a contractor…”

And here’s another thumbs down to the Mike Holmes’ Ten Per Cent Deposit Rule, from Ben Kuypers, Kuypers Design Group…

“There’s an old saying: A contract is a liability, until it is complete. For both parties. The reality is that whatever the two parties negotiate is what goes. If you are willing to negotiate your exposure and risk for someone else’s comfort that’s your prerogative. The vast majority of renovations are done to both parties satisfaction but it is the very few that go wrong that are used as examples to tell the other good contractors how they should conduct their business. Mike Holmes has made a carrier out of ‘feeding on the fear’ of homeowners. And to be fair he has also pointed out to many of them that they missed doing their due diligence in checking credentials, but that’s no reason to imply to the public that “No good contractor needs more than 10 per cent to start a job.” That is complete BS, especially from someone who went broke as a contractor and does unlicensed electrical work on his own jobs. Just a bit of a double standard.

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