Deposit for project that won’t start for another 7 months
We are about to sign a contract for a siding and window replacement project costing about $100k. The contract calls for 50% deposit at signing. We live in the Midwest and the weather is getting cold. Lead time on windows is 8 weeks. They would not be able to do the work in the winter. So realistically the project won’t start for another 7 months. Is it reasonable to push back on the deposit and ask for a tier/staged deposit payment setup? What is the common accepted practice in this situation? Any insight would be greatly appreciated.