Not that I am at all excusing the mismanagement of funds...but I think this a common problem with contractors in general, who use new business to fund old jobs, I bet it is easy to get behind, always thinking one or two more jobs will get them caught up. Ugh!
Although I had my fair share of complaints with my pool builder...his payment system literally made it hard to not get what you had paid for...I am mainly writing this for people who are reading this and shopping for pool builders (once you have a pool, you become keenly aware every summer of the defunct pool companies and the customers who get left at varying stages of build but out a lot of money).
My builders payment:
5% at signing
30% day of dig
30% day of gunfire
30% day of plaster
5% when completed
Curious, how much is plaster running? Some days I would like to replaster my three year old pool!
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