When to make the final payment? Before or after final inspedtion?
I will hire a contractor to replace the furnace and some AC work. He will pull the permit and we agree to pay 50% as down payment. The rest of the 50% will be paid in the end. My question is: the final payment should be paid before or after the final inspection? The contractor said that the full payment is due on the day the work in completed and it will be before the final inspection since the inspection will be scheduled for few days later. Of cause if something is wrong and it is part of the installation he will come back and fix them. Is this the common practice? He said it is their company's policy.