Oregon Account Stated for Construction Work
Description
How to fill out Account Stated For Construction Work?
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FAQ
10 years after substantial completion or abandonment. Exceptions: 6 years after substantial completion for a large commercial structure.
An owner, contractor or subcontractor may withhold as retainage an amount equal to not more than five percent of the contract price of the work completed. Partial payment allowed under this subsection is not acceptance or approval of some of the work or a waiver of defects in the work.
The law does not require a specific time for warranty protection. A typical new home warranty protects against structural defects for five to ten years and promises to repair or replace major systems for one to two years. You may select the time period for the warranty. How much can you charge for the warranty?
Handyman exemption 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.
Jobs that you can perform unlicensed include: Cleaning gutters. Cleaning debris. Power washing. Jobs that are otherwise minimal and inconsequential in nature.
Generally, Oregon law requires anyone who works for compensation in any construction activity involving improvements to real property to be licensed.
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.
When an unlicensed contractor is discovered by an owner, they must then contend with a litigious opponent and a court system that won't look kindly on them, not to mention the CCB. The penalty for contracting without a license in Oregon jumps up to $5,000 per offense when an owner has filed a complaint for damages.
