How much deposit can a flooring installation contractor ask for in New Hampshire?

New Hampshire has no statutory cap on contractor deposits. No specific statutory cap on residential renovation deposits. For flooring installation, industry standard is 25% — meaning on a $23,205 project, expect $5,801 max. Any request above $7,658 is a red flag.

Industry standard for flooring installation: 25%. Material-heavy job with short labor time. 25–33% deposit is common to cover material orders. Most legitimate New Hampshire contractors will follow this norm regardless of whether the state has a statutory cap.

New Hampshire doesn't have a statutory cap, but industry-standard deposits sit between 10–25% for most flooring installation projects. A request above 33% is a strong signal of cash-flow problems (the contractor is funding earlier jobs with your money) or outright fraud risk. Get 2 more written quotes before signing anything.

Best practice in New Hampshire: 25% deposit at contract signing → milestone-based progress payments tied to inspectable phases (rough-in, mid-build, substantial completion) → 5–10% retention held until punchlist + final inspection sign-off. Never pay materials in full upfront; if your contractor goes under, the materials supplier owns those goods, not you. Pay via check or credit card — never wire transfer to a personal account.