How is the deposit calculated?+
Multiply the project total by the deposit percentage. A 25% deposit on a $2,400 project is $600. The calculator also subtracts any progress payment to show the final balance.
How much deposit should a contractor request?+
There is no universal amount. The right terms depend on the work, material commitments, timing, customer agreement, and rules that apply where you operate. This calculator lets you test the arithmetic without recommending a percentage.
What is a progress payment?+
A progress payment is an amount due at a defined project milestone before final completion. If you do not use progress payments, set that field to 0 and the calculator will show only the deposit and final balance.
Does the quote builder collect the deposit?+
No. Northmethod Quotes calculates and displays the deposit on an estimate or quote PDF. You collect payment using the method and process your business already supports.
Are these payment terms legal advice?+
No. The calculator performs arithmetic only. Review your deposit, cancellation, milestone, and final-payment terms for the job and location, and obtain qualified advice when needed.
Does Northmethod save my calculator numbers?+
No. The calculator runs in your browser. Northmethod does not receive the project total or percentages you enter.