For smaller projects, such as a $16,000 bathroom remodel, contractors may request a 50% deposit, whereas for larger endeavors like a $100,000 full-home renovation, a deposit ranging from 10% to 20% is generally more customary.
Remember that estimates provide a rough idea of the price and serve as an initial guide, while quotes are legally binding and should only be relied upon when the costs are certain.
The Turner Corp. holds the top rank in the ENR 2022 Top 400 Contractors list, followed by Bechtel in second place, Kiewit Corp. in third place, and STO Building Group Inc. in fourth place, with additional rankings available in the provided table.
Being your own general contractor comes with drawbacks such as a high-stress role with numerous responsibilities, a substantial time commitment, a potentially steep learning curve that could result in overspending if not properly managed, extensive research and planning demands, and the likely need to obtain licenses and permits.