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The 4 Different Types of Construction ContractsLump Sum Contract. A lump sum contract sets one determined price for all work done for the project.Unit Price Contract.Cost Plus Contract.Time and Materials Contract.
Licensing and Registration Fee SummaryMaine does not require that general contractors register or obtain licenses to operate at the state level.
New Hampshire is among only a handful of states that does not require a license for construction or renovation projects at the state level. This means that if you plan on becoming a general contractor in New Hampshire, you will need to check with your local city or county jurisdictions to meet their requirements.
Written Contracts Are Required For all home construction and home improvement projects over $3,000, Maine law requires a written contract with a specific provision that prohibits payment up front of more than one third of the contract price.
The three most common contract types include:Fixed-price contracts.Cost-plus contracts.Time and materials contracts.
The eight types of construction contracts include:cost-plus construction contract.design and build contract.guaranteed maximum price contract.incentive construction contract.integrated project delivery contract.lump-sum contract.time and materials contract.unit price contract.
Three Common Construction ContractsFIXED PRICE. Fixed price construction contracts, also commonly referred to as lump sum or stipulated sum contracts, are the most common types of construction contracts.COST PLUS.GUARANTEED MAXIMUM PRICE.
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.
Maine Roofing License Although state law does not require all roofers to hold a license, competent roofers will be able to show not only some sort of license, but also proof of insurance and evidence of experience. Roofers must typically train before working on their own.
There are no general contractor or handyman license requirements at the state level in Maine. There may be local regulations you need to comply with, so make sure to check these out before you begin working.