CONTRACTS

Once you have established your team, you must obtain and have contracts signed by both parties. Here is what they should include:

• List entire scope, materials (specifics including brand names)

• Start and Completion dates

• Project Timeline with actual dates

• Total Cost including payment schedules

• Payment Schedule

• Spells out everyones responsibilities and the individuals who are responsible

• Appropriate contact information: number, address, license number.

• Make sure you have reviewed it completely and the everything is covered.

• What they are and are not responsible for

• Who is responsible of waste removal

• Binding arbitration clause?

• It should be spelled out what if there is a change order?

• Before final payment remitted, the punchlist (specific to that professional) must be complete.

• Request signed lien releases (look into this)