Contractor Contract Template With Payment Plan In Phoenix
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Every such contract requires: The name of the contractor, the contractor's business address and license number. The name and mailing address of the owner and the jobsite address or legal description. The date the parties entered into the contract.
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.
What Is a Reasonable Up-Front Deposit for a Contractor? Job SizeDeposit Small 50% Large 10%–20% Custom or specialized Up to 50%
What to Include Party Details. The agreement will name the contractor and the client and provide the mailing addresses where invoices and correspondence can be sent. Term. The one-page contract must state the dates the contractual relationship begins and ends. Services. Compensation. Expenses. Signatures.
What to avoid in construction contracts Unclear scope of work and specifications: An ambiguous scope of work can cause misinterpretation. Missing change order procedures: Not having change order procedures is a risk as construction projects rarely go exactly ing to plan.