Utah Contractors Bundle

Timeframe or key milestones of the project; hours of work; deliverables of the project; and. way the business will pay the contractor for their services.

Bidding Documents. Construction Contractor Agreement. Architectural Drawings. Specifications. Bill of Quantities. Schedule. Work Orders. Subcontractor Application.

The Construction Documents contain contract forms, conditions of the contract, specifications, and drawings. Bidding requirements are also produced during this phase. Stringent contractor qualifications are delineated, ensuring that only contractors with a proven track record will be prequalified to bid.

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.

If you paid someone who is not your employee, such as a subcontractor, attorney or accountant $600 or more for services provided during the year, a Form 1099-NEC needs to be completed, and a copy of 1099-NEC must be provided to the independent contractor by January 31 of the year following payment.

Terms. This is the first section of any agreement or contract and states the names and locations of the parties involved. Responsibilities & Deliverables. Payment-Related Details. Confidentiality Clause. Contract Termination. Choice of Law.

IRS Form W-9 is most commonly used by individuals when they are working as a freelancer or independent contractor. If you ever find yourself filling out a Form W-9, it generally means that a business or person who is paying you money needs your Social Security number so it can notify the IRS of the amount.

Get it in writing. Keep it simple. Deal with the right person. Identify each party correctly. Spell out all of the details. Specify payment obligations. Agree on circumstances that terminate the contract. Agree on a way to resolve disputes.