I have had some building work done in Portugal. Because there used to be so much bad building scams a system evolved to avoid the fraud which cowboy builders sometimes caused.
A contract was agreed; with detailed list of works, schedules, etc. The buyer placed a "bank garantee" in a bank. This was effectively an "escrow" which locked up the expected payment until released by the client. If there was a dispute it went to arbitration, the money not being released or paid back until it was resolved.
Of course, the builders did not like the system - if for no other reason than they had no "up-front" money to buy materials with. Also that they had less possibilities of scare tactics.
The genuine builders did not mind the method, merely added the costs on using their own money on to the charges. If the builder would not accept the method it was a good indication of whom one was dealing with.
A contract was agreed; with detailed list of works, schedules, etc. The buyer placed a "bank garantee" in a bank. This was effectively an "escrow" which locked up the expected payment until released by the client. If there was a dispute it went to arbitration, the money not being released or paid back until it was resolved.
Of course, the builders did not like the system - if for no other reason than they had no "up-front" money to buy materials with. Also that they had less possibilities of scare tactics.
The genuine builders did not mind the method, merely added the costs on using their own money on to the charges. If the builder would not accept the method it was a good indication of whom one was dealing with.