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Contractors are required to carry contractor liability insurance in Ontario to protect themselves from financial loss due to accidental disaster causing property damages or bodily injury.
Elements of a Construction ContractName of contractor and contact information.Name of homeowner and contact information.Describe property in legal terms.List attachments to the contract.The cost.Failure of homeowner to obtain financing.Description of the work and the completion date.Right to stop the project.More items...
A construction contract agreement is a principal document that sets a date and specifies which parties are going to participate in the construction process. Usually, the contract agreement is executed between the owner of the project and the contractor (or supplier) that is providing the requested service.
7 Ways to Get the Best Work from Your ContractorAvoid Allowances. An allowance is a line item in the contractor's bid for something that's yet to be determined.Establish Good Communication.Keep a Project Journal.Track All Changes in Writing.Check the Work.Pay Only for Completed Work.Be a Good Customer.
Seven Things to Never Say to a ContractorNever Tell a Contractor They are the Only One Bidding on the Job.Don't Tell a Contractor Your Budget.Never Ask a Contractor for a Discount if You Pay Upfront.Don't Tell a Contractor That You Aren't in A Hurry.Do Not Let a Contractor Choose the Materials.More items...