funny stuff Mike.... and a cool way to get out of jury duty.
I learned to be very cautious about advances for contractors. Personally, I only ask for advances if I get the feeling that a customer is trying to get over on me...... Have me do the job and then not pay. It's a case by case gut feeling determination. As a result, 22 years in business and only have a total of about $1000 that customers beat me on. I had one guy who owed me $450 from a job actually have the brass to call me a few years later to quote a nearly $3000 home security system for him.... I told him it would need to be paid in advance and included the amount owed which I mentioned to him..... never heard from him again....oh yeah... he's a minister at a local church BTW.
I normally require nothing down and 100% at completion of the work in a manner satisfactory to the customer. Commercial customers can pay 30/net. If a residential customer balks at the terms, I will sometimes offer them 30/net as well. Again it's gut feeling and intuition.
Then there was the carpenters from hell and the roofers from hell...... 2 stories of contractors I hired for some work on my house. Both companies came highly recommended by friends who had them do work for them...... neither will work for me again nor get a recommendation that is favorable.
Needless to say I supervise and dole out money very carefully. If they need a deposit, I ask them if they are solvent enough to do the job. Most say yes, of course. To which I reply... then operate on your money and you can trust me to pay you on time. I assure them that I will pay them when the work is completed to my satisfaction and to a certain percentage of the total job. I hold back 10% at the end for 30 days in the event that I have problems after the fact so I know I can get them back to make the final fixes in a timely manner. Some walk away, some don't. I pay on time and they get the job done quickly to get paid.