Oregon Account Stated for Construction Work
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How to fill out Account Stated For Construction Work?
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FAQ
(18) Working without a construction permit in violation of ORS 701.098, $1,000 for the first offense; $2,000 and suspension of CCB license for three (3) months for the second offense; $5,000 and permanent revocation of CCB license for the third and subsequent offenses.
With limited exceptions, it is llegal in Oregon for anyone to do construction work for hire without a CCB license, Enforcement Manager Stan Jessup said.
On its face, Oregon's statute of repose appears straightforward: claims for residential and small commercial construction defects are barred ten years after substantial completion. Claims for large commercial structures are barred six years after substantial completion.
Projects that do not require a license from the CCB include gutter cleaning, power & pressure washing, debris clean up (yard or construction site), and handyman work on projects with a contract value of $1,000 or less.
Asking for more than half of the project cost up front, though, is a big red flag. A reputable and established contractor should have the wherewithal to purchase enough materials to get the job started without relying on your down payment. I recommend tying payments to progress made during the job.
Avoid paying in cash. Contractors cannot ask for a deposit of more than 10 percent of the total cost of the job or $1,000, whichever is less. (This applies to any home improvement project, including swimming pools.) Stick to your schedule of payments and don't let payments get ahead of the completed work.
The exact deposit amount contractors ask for upfront varies and is especially dependent on the size of the project. For relatively small jobs, like a $15,000 bathroom remodel, contractors may ask for a 50% deposit. For large jobs, like a $100,000 full-home renovation, a 10%20% deposit is more typical.
The threshold for performing certain work without a contractor license increased from $500 to $1,000. To qualify for the exemption, a contractor must perform work that is casual, minor or inconsequential. This means that the work cannot: Be structural in nature.
What Should a Building Contract Include? A building contract should include information about the scope of the work, a defined start and finish date and a price for the work scheduled, however, this should be as detailed as possible to cover a number of scenarios.
@Alex Varner generally speaking, when a contractor asks for that much up front, it's because he/she does not have enough money or credit to purchase materials for the job.