Contractor Contract Template With Payment In Arizona
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FAQ
The qualifying party must possess at least four years of contracting experience and sit for two major trade examinations when applying for a general contractor license in Arizona. The state requires contractors to ace the AZ Statutes and Rules Training Course and Exam (SRE) and Trade exam in their specialty areas.
When is a contract legally binding? Typically, a document that includes an offer, acceptance, and appropriate consideration will be considered legally binding. In most cases, a contract is binding in Arizona even if the parties signed it in another state.
Taxable Contracting Activities All contractors are considered to be prime contractors and must have a transaction privilege license. This includes general contractors, subcontractors, and specialty contractors.
What Is a Reasonable Up-Front Deposit for a Contractor? Job SizeDeposit Small 50% Large 10%–20% Custom or specialized Up to 50%
Some contractors offer financing options, but it's usually through a third party lender. In some cases, contractors may allow a customer to make payments but it's usually a few large payments as opposed to several smaller monthly payments.
