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Thread: Amount of Final Draw is Crucial

  1. #1
    Join Date
    Jul 2006
    Location
    Arkansas
    Posts
    146

    Default Amount of Final Draw is Crucial

    I have learned a lot on this forum, and I appreciate everyone that has helped me become a happy pool owner. However, if you haven't built your pool yet, I do have one lesson, which I learned the hard way, to share with you. If you build a pool, be sure that the last draw is the largest percentage you can get the builder to agree to. Then make sure that the contract states that you have to please with the work, and the PB has to completely finished with everything, before you pay the final draw. The more money you can hold on to, the more leverage you will have if you need it.

  2. #2
    Join Date
    Apr 2006
    Posts
    395

    Default Re: Amount of Final Draw is Crucial

    Very good advice. The other thing you should try to include is a completion date and penalty clauses for each day that date is missed. I did all of these things when I put an addition on my home. As for my IG pool, the guy I worked with took no deposit and just told me to pay him the entire sum when the job was done and to my satisfaction.

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