This form is designed for use between Foundation Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of Tennessee.
Tennessee Foundation Contract for Contractor
Category:
State:
Tennessee
Control #:
TN-00462-3
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Communicate with your recruiting partner. Give proper notice. Keep the stakes in mind. Leave the job better than you found it.
Average General Contractor Rates General contractors charge at about 10 to 20 percent of the total construction project cost. For even larger projects, you might pay closer to the 25 percent mark for professional construction services.
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.
Both parties should sign the contract, and both should be bound by the terms and conditions spelled out in the agreement. In general that means the contractor will be obliged to provide specified materials and to perform certain services for you. In turn, you will be required to pay for those goods and that labor.
If you run a small business that hires 1099 contractors, also known as independent contractors, it is vital that you have them sign an independent contractor contract. This is because there is a significant gray area between who is classified as an independent contractor and who is classified as an employee.
A contractor or subcontractor can abandon a contract upon breach by the owner or general contractor, but cannot terminate the contract.Termination for convenience allows the owner/general contractor to stop the work for just about any reason without having to pay for anticipated profit or unperformed work.
If your independent contractor agreement contains a provision that allows the parties to terminate the relationship at any time, revise the agreement to include a notice provision with at least some kind of a notice period required for termination of the contract.
Keep it simple, straightforward and to the point. State clearly that you are canceling your contract and include a simple reason why. If you owe any money on the account, request a final bill or enclose the payment.
In order to cancel the transaction, the consumer must send the notice of cancellation form, or some other written statement indicating the intent to cancel the contract, to the creditor at the address stated on the notice. This notice need only state the consumer's intention to cancel the transaction.