Commercial Construction Deposits
Can a contractor or an engineer require
a deposit larger than 10% of the
contract price on a commercial project?
Asked on 8/31/07, 4:14 pm
2 Answers from Attorneys
Terry A. Nelson
Nelson & Lawless
Re: Commercial Construction Deposits
He can require anything he likes. That's what contracts are all about.
Answered on 9/03/07, 5:06 pm
Michael Meyer
Law Ofc. Of Michael J. Meyer
Re: Commercial Construction Deposits
Yes, that restriction only applies in the home improvement context. See Business & Professions Code 7159.5.
Answered on 8/31/07, 4:44 pm
