Chicago Illinois Subcontractors Package

Category:

Construction - Contractors - Subcontractors

State:

Illinois

City:

Chicago

Control #:

IL-P081-PKG

Format:

Instant download

Description

This package contains essential documents for Subcontractors to use to manage their construction project and protect their legal rights. The heart of this package is the subcontractor's agreement that complies with state law.

This package contains the following forms:

1. Illinois Construction Contract - Cost Plus or Fixed Fee

2. A Construction Project Information Sheet

3. A Change Order Sheet

4. A Certificate of Completion

5. A Weekly Equipment Summary

6. A Time and Material Log

7. A Bid Log

8. A Bid Follow Up Letter

9. A Summary of Estimate

10. A Final Project Punch List

11. A Worker Safety and Health Plan

12. An Accident Report Form

13. A Home Repair Consumer Rights Brochure

Purchase this package and more than 50% over purchasing the forms separately!

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How to fill out Illinois Subcontractors Package?

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FAQ

A subcontractor agreement is a legal document that a general contractor uses on a construction project to hire a subcontractor. This contract is a legally binding agreement that defines the terms of a smaller job within the main project to be completed by an entity that is not the GC.

6 Questions to Ask When Hiring Subcontractors in the Construction Industry How will you meet expectations and qualifications?Do you have enough workers to get the job done?What's your safety record?Can you provide references?Will you sign a contract?Are you properly insured?

A subcontractor is anyone who provides labor or services on a construction project and was hired by someone other than the owner. Subcontractors perform a portion of the work that contributes to the overall project?for example HVAC, windows, or painting.

8 things a subcontractor agreement should include Business information. Include names, businesses names, and contact information for both the subcontractor and the hiring contractor.Scope of work.Payment terms.Change orders.Licensing and insurance coverage.Dispute resolution.Termination clause.Flow-down provisions.

Even though subcontractors are typically cost more than self-performing in-house, it is still more cost-effective in most cases. Subcontractors do not get benefits, office space or equipment. Hiring contractors also relieves you of having to pay employee taxes and a full-time salary.

The subcontracting costs are based on the gross input of the end items. The costs are calculated by multiplying the end item quantity displayed in the Ordered Quantity field of the Purchase Order Lines (tdpur4101m000) session by the subcontracting rate factor and the subcontracting rate.

Subcontractor Costs means all costs incurred by subcontractors for the project, including labor and non-labor costs.

What Is Markup? The average pre-tax net profit is between 1.4 and 2.4 percent for general contractors, according to the Construction Financial Management Association. The average pre-tax net profit for subcontractors is between 2.2 to 3.5 percent.

Subcontracting is the practice of assigning, or outsourcing, part of the obligations and tasks under a contract to another party known as a subcontractor. Subcontracting is especially prevalent in areas where complex projects are the norm, such as construction and information technology.

Tier 1. Tier one contractors are generally seen as the most time-served and financially secure companies trading. They tend to take on more commercial and larger industrial projects ? typically of a large price.

Chicago Illinois Subcontractors Package

Description

Related forms

Viewed forms

How to fill out Illinois Subcontractors Package?

Form popularity

FAQ

How does subcontractor agreement work?

What questions should I ask a subcontractor?

What is subcontractor example?

What should a subcontractor contract include?

Is subcontracting more expensive?

How do I calculate subcontracting costs?

What is subcontractor pricing?

What is a normal markup for subcontractors?

What does it mean to be sub contracted?

What is a Tier 1 sub contractor?

Trusted and secure by over 3 million people of the world’s leading companies

Chicago Illinois Subcontractors Package

Description

Related forms

Related legal definitions

Viewed forms

How to fill out Illinois Subcontractors Package?

Form popularity

FAQ

How does subcontractor agreement work?

What questions should I ask a subcontractor?

What is subcontractor example?

What should a subcontractor contract include?

Is subcontracting more expensive?

How do I calculate subcontracting costs?

What is subcontractor pricing?

What is a normal markup for subcontractors?

What does it mean to be sub contracted?

What is a Tier 1 sub contractor?

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