A general contractor is a manager employed by the client sometimes on the advice of an architect or engineer. A general contractor is responsible for the overall coordination of a project. A general contractor must first assess the project-specific documents (referred to as bid, proposal or tender documents). In the case of renovations, a site visit is required to get a better understanding of the project. Depending on the project delivery method, the contractor will submit a fixed price proposal or bid, cost plus price or an estimate. The general contractor considers the cost of home office overhead, general conditions, materials and equipment as well as the cost of labor to provide the owner with a price for the project.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Yes, Memphis has its own set of rules and regulations that may influence Contractor Agreements. It’s always wise to brush up on local laws to ensure you're playing by the book and following all the local guidelines.
You can terminate the agreement early, but make sure you know the conditions for doing so. It’s important to read the fine print, as there may be certain steps you’ll need to follow, like giving notice. Think of it as giving a heads-up before the bell rings.
While it’s not a must, having a lawyer look things over can save you a headache down the line. They catch the fine print that you might miss, just like a lifeguard watching over the pool—always good to have someone keeping an eye out.
If your contractor doesn’t stick to the agreed terms, you may have grounds to take action, which might include talking things over, mediation, or even legal steps. Think of it as being the referee in a game—you sometimes have to call the foul.
You'll want to cover the basics like project details, timelines, payment terms, and responsibilities. Think of it as laying out the road map for your project, ensuring everyone’s on the same page.
A Contractor Agreement is a legal document that outlines the terms and conditions between you and your contractor. It helps protect both parties by laying down the rules of the game, so everyone knows what to expect.
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