Creating a well-defined and comprehensive contract is crucial when working with a general contractor for your home remodeling project. This agreement can determine whether the project becomes a satisfying success or a costly headache. The contract serves as a protective measure for you, your budget, and your property. Consider the following factors during contract negotiations:
Licensing
It is imperative to ensure that your contractor holds the necessary licenses required by your city and any specialized permits for tasks like electrical or plumbing work. Request the inclusion of license numbers and relevant information in the contract.
Insurance
Although the contractor’s proof of insurance may not be attached to the contract, you can ask for their insurance details to be stated in the agreement. Determine the appropriate amount of liability coverage required in your area and verify that the contractor possesses adequate insurance.
Scheduling
Poor scheduling is a common cause of issues during home remodeling projects. While certain delays due to factors like material availability or inclement weather may be unavoidable, it is still crucial to define schedule details in the contract. Include important milestones and the expected completion date.
Scope of work
Clearly outlining the scope of work helps maintain control over timing and costs. The level of detail required will vary based on the project. A room addition involving multiple subcontractors will have a more extensive scope than a straightforward task like installing new flooring. Include written descriptions of material specifications, finishes, expectations regarding site maintenance and cleanup, responsibility for permits, and other relevant details.
Payments
A written payment schedule ensures that both parties agree on the timing of payments, minimizing billing complications. Payments can be tied to milestones, completion percentages, or the delivery of specific products. However, it is important to avoid making full payment for an unfinished project.
Warranties
Reputable contractors typically offer warranties for their work. Before signing a contract, thoroughly review the contractor’s warranty to understand what is covered, the duration of the coverage, and any limitations.
To save time and ensure peace of mind, consider working with a pre-qualified contractor
Conducting thorough vetting of contractors can be time-consuming, leading some homeowners to hire the first available option. However, this approach leaves them vulnerable to unscrupulous contractors and subpar workmanship. At Future Design Builds, we have already performed the necessary vetting process, verifying all contractors’ experience, licensing, insurance, and qualifications in our network. This way, you can be confident that you are working with a trustworthy contractor.
