Posted By kavade on 05/23/2007 9:39 AM
I put a $1500 deposit on panels with a big SIPs company. My understanding was that the deposit was refundable up until the point at which they did some work, for example, shop drawings....My question is this: what is the common industry practice toward returning deposits?
I'm sure that it depends on the company. Common business etiquette would be to refund any monies not yet consumed, and I'm sure that's the way most companies would handle the situation. However, there are always a few 'bad apples' in any business, so it really depends on the company.