Thursday, September 17, 2009

Contract Between You & the Contractor: What Should It Say?

What Should A Fair Contract Include?

Once the plans, specifications and budget are agreed upon, it is time to execute the construction contract. Because every remodeling project is different, KC Basement Finishing has a standard contract agreement that will be modified to clearly define the requirements of your project. This agreement has several purposes.

It will provide a written definition of your project, including all details.

Beyond the legal ramifications, a contract formally expresses terms mutually agreed upon concerning scope of work, responsibilities, price, and materials as well as other items.

It specifies how payments or draws will be scheduled, invoiced and paid.

It addresses how change orders are to be handled.
It assigns responsibility for providing particular items and specifying which items are not included in the scope of work.

The contract should make you, the client, and your contractors responsibilities clear for both parties.

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