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Time and materials contracts As opposed to lump sum contracts, time and materials (T&M) contracts work best for projects in which the scope of work is not well-defined. Time and materials contracts reimburse contractors for the cost of materials and establish an hourly or daily pay rate.
What should be included in a Contractor Agreement?Statement of Relationship.Project Description.Payment and Billing Terms.Responsibilities of Each Party.Project Timeline and Deadlines.Termination Conditions.Nondisclosure Terms, and Confidentiality and Non-Compete Clauses.
To estimate the material at cost, start by dividing the perimeter by the size of the fencing panels. That will tell you how many units you'll need for the fence. Don't forget the details when finishing up. These can significantly add to the material costs.
Fencing ContractsContractor's business name and all contact information (phone number, address, supervisor name, etc.)Description of the project, including expected start and completion dates.Details such as location, perimeter, fence height.Material use brand, supplier, specific amount, cost, etc.More items...?
What Should Be in a Construction Contract?Identifying/Contact Information.Title and Description of the Project.Projected Timeline and Completion Date.Cost Estimate and Payment Schedule.Stop-Work Clause and Stop-Payment Clause.Act of God Clause.Change Order Agreement.Warranty.More items...