We had a flood in our basement recently form a broken washing machine. We want to gut the basement and refinish it. We've had 8 estimates so far. The last guy that came I liked the best and felt most comfortable with him. Plus he had the best ideas and was one of the lowest estimates. When he came to my house he asked me if would be paying cash. I told him I would be. When I spoke to him on the phone yesterday I asked him when will you becoming by with the contract. He said since you're paying cash we can't have a contract. He said he will make a list up of everything that needs to be done. Is this true ? Should I not pay cash ? I just don't want to have problems later on. Anyone have any advice ? Thank you.