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By P. Wesley Lambert on August 25, 2016USE A WELL-WRITTEN AND COMPREHENSIVE CONTRACT.ESTABLISH A DOCUMENT RETENTION POLICY.TRAIN YOUR EMPLOYEES TO INTERACT CORRECTLY WITH OTHERS.DOCUMENT CHANGES IN YOUR PROJECT THE RIGHT WAY.CHECK FOR APPLICABLE INSURANCE TO COVER CLAIMS MADE AGAINST YOU.More items...?
Construction contract sections to review for accuracyScope of work. The first section that you should review is the scope of work described in the contract.Contract amount.Project schedule.Contract documents.Dispute resolution method.'Pay-when-paid' or 'pay-if-paid'Termination for convenience.No damage for delay.More items...?
10 Things to Look for in Any General Contractor AgreementClear Language. The first thing to look for applies to the agreement as a whole.Contact Information. It seems like a no-brainer, but it must be said.Insurance Requirements.Project Description.Payment Schedule.Project Schedule.Lien Waivers.Project Cleanup.More items...?
5 Key Elements Every Construction Contract Should Contain1) The project's scope.2) The cost and payment terms.3) The project's time frame.4) Protection against lien law.5) Dispute resolution clauses.
How do I create an Independent Contractor Agreement?State the location.Describe the type of service required.Provide the contractor's and client's details.Outline compensation details.State the agreement's terms.Include any additional clauses.State the signing details.
The contract should state who pays which expenses. The contractor is usually responsible for all expenses including mileage, vehicle maintenance, and other business travel costs; work supplies and tools; licenses, fees, and permits; phone and internet expenses; and payments to employees or subcontractors.
Elements of a Construction ContractName of contractor and contact information.Name of homeowner and contact information.Describe property in legal terms.List attachments to the contract.The cost.Failure of homeowner to obtain financing.Description of the work and the completion date.Right to stop the project.More items...
The State of Alaska requires all contractors to have a license before they begin working in the state. This is to protect consumers from being victimized by unscrupulous individuals or companies.
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.