Drawing Up A Contract With A Roofing Contractor
Before the beginning of any project, it is prudent to enter into a contract since this is binding, and it will protect one from any eventualities. There are two broad types of contracts and these are: cost reimbursement and fixed rate contracts. The two are determined by the type of the project as well as the degree of the technicality that the homeowner is to charge on for the home remodeling project.
In essence, a contract is meant to seal the deal and even when legal agreements are also issued, the contractor basically says he has accepted this proposal and the terms as streamlined in the document. These include: costs, timeframe and the deliverables. The most common way of effecting such agreements is through a letter contract which can work in either of the aforementioned types of contracts above.
Through a letter contract the contractor is allowed to obtain some financing or even to order for the roofing material that can help him fulfill the said the contract. The contract can be drawn just in a matter of minutes but it can take a while for the legal documents to be ready. While drawing up a contract for the roofing project and especially when remodeling a big home, make sure that the document has the address, the name, license number and the telephone number of the contractor and these should be visible and clear.
The contract should also have a section that is stating the expected start date as well as the expected completion date for the remodeling project. This is very important as it compels the contractor to work within the deadline. If for instance, the project is to take longer than the expected, the homeowner should be given notice for the same. If not so, then the matter can be settled in court. There should also be a full and clear description of the project. This means that information about the price for the work and any material provided for the project to start until completion is provided and stipulated clearly.
In the binding document, it should be stated that the contractor is supposed to place any payment received before the completion of the roofing project in an escrow account. This can also be done by posting a bond or by irrevocable letter of credit which will guarantee that there will be a proper use of the funds paid or even a return of the same to the consumer. In the contract, there should be a section which states that the homeowner can expect a claim against the property from the contractor in the case of nonpayment.
Lastly, the contract should have a clause which allows the homeowner to cancel the contract for the home remodeling project by the third day even after having signed. This contract is binding and it is great when it comes to safeguarding the rights of both parties. If there will be a breach of the contract then it is prudent to take the matter to court and the contract shall be used as the supportive document.
Most reputable roofing companies in CT will provide you with a comprehensive contract if you obtain any Connecticut roofing services from them so this should be a load off your worries when it comes to matters involving the contract.
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