Six Important Items For Your Remodel Contract

Anytime you hire a service professional come into your home, you should have a contract. It can be in the form of a one page estimate or a much more detailed document. For a remodeling job, you definitely want that detailed contract. This contract will be between you and your chosen contractor. The bottom line cost is probably the most important item on that contract but before you get there you’ll want to include these other details.

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Project Description

The contract between you and your contractor should include a project description. This will outline the basics of the work, materials and other elements that will go into the job. It should also include the various phases of the job from demolition to installation. Each one of those items will have an associated cost. Another stipulation of the description will be that the contractor will pull all the necessary permits.

Pay Scheduledo

Your remodel contract will have a final price but it will also include how that money will be allocated. There is usually a deposit that is paid upfront with subsequent payments made throughout the project. Those payments should be goal oriented. For instance, when rough plumbing or electricity is installed then another payment can go out. The initial down payment should be no more than 10% of the project cost. If the contractor needs to place orders for expensive items, then you can offer to pay for them directly. The final payment should go out once you’ve accepted the job and there aren’t any further fixes.

Lean Waiver

A lean waiver is probably the last thing you would ever think about when planning a remodeling job. Essentially any member of the crew could place a lien on your property claiming they were never paid by the contractor. That doesn’t mean you didn’t pay the contractor but that they have a dispute with that person. A lean waiver provides that the contractor will be signing off on each payment with regard to labor and materials as it is described in the invoice. That makes them totally responsible for those fees.

Schedule

Obviously, you want to know how long this project is going to last. The dates put into a remodel project are often subject to change. However, that doesn’t mean there can’t be definitive goals put into place. This keeps everybody on track.

Change Procedure

Any change to a remodeling project should also come in writing. That is especially true when it will result in either a reduction or increase in the fees. A lot of the changes happen as a result of suggestions for improvements on the original plans. Nothing wrong with that but it means an addendum to the contract.

Demolition and Cleanup

Every remodeling job is going to come with a certain amount of demolition. That’s going to create huge piles of debris. Technically, your contractor would be in charge of that cleanup but there’s no reason why you can’t hire your own junk removal professional. Bringing in a company like Junk King Albany to remove that remodel debris could save you money in the long run. You might even want to consider doing the demolition yourself. Hiring Junk King Albany will always make sure your remodel worksite is clean.

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