Kentucky Contract for Construction of Apartment Building with Financing by Contractor
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How to fill out Contract For Construction Of Apartment Building With Financing By Contractor?
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FAQ
How to get a contractors license in Kentucky. The only contractors that the State of Kentucky requires to carry a state-issued license are electrical contractors, plumbing contractors, and HVAC contractors. Other than that, all licensing will go through local municipalities and counties.
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.
You'll need:A completed and notarized application form.Information about your business name and structure.A list of your current licenses.Proof of general liability insurance and workers' compensation or an exemption affidavit from the Kentucky Workers' Compensation Act.A certificate of business license.More items...?
Kentucky does not require handymen or general contractors to hold a state license.
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.
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...
To obtain a license, a contractor may be required to provide information such as: evidence of financial stability; proof of liability insurance and compliance with Kentucky's unemployment insurance and workers' compensation laws; proof of compliance with other specialty craft laws and regulations; local, state, and
Types of contractsFixed-price contract.Cost-reimbursement contract.Cost-plus contract.Time and materials contract.Unit price contract.Bilateral contract.Unilateral contract.Implied contract.More items...?
What are the types of Construction Contracts?Lump Sum Contract.Cost Plus. Contract.Small Jobs. Contract.Large Jobs Contract.
What Should Be in a Construction Contract?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.More items...
