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Aug 6th, 2022
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How to Edit register in the Home Remodeling Contract

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[Music] hi im joseph patrick co-founder of lamont brothers and in todays video i want to give you some tips in what you should look for in a remodeling construction contract when you review one with your remodeler now to start with im going to preface this by saying this is not legal advice at all in any way whatsoever these are just a few tips from us having observed a lot of clients over the past decade know whats in our construction contract but also talk to a lot of people who have signed the contracts that they regretted later or started relationships with contractors that they regretted i want to help you spot some things and avoid getting into a bad situation the first thing you need to look for in a construction contract is an exhaustive scope of work its supposed to be a construction contract is supposed to be good communication about whats going to happen during the project and so that scope of work is essential it has to include everything that you want and not leave

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5 Key Elements Every Construction Contract Should Contain 1) The projects scope. 2) The cost and payment terms. 3) The projects time frame. 4) Protection against lien law. 5) Dispute resolution clauses.
Heres how. Check Contract Basics. The basic job of a contractor agreement is to spell out the scope of the projects work. Set a Payment Schedule. Schedule Start and End Dates. Specify Change Orders. Research Your Arbitration Options. Turn Down the Contractors Warranty.
8 Things Every Remodeling Contract Should Have Scope of Work, Selection Sheet and Drawings. License Number and Insurance. Description of Change Orders. Warranty information. Subcontractor Agreements. Payment schedule. Completion Schedule / Timeline. Clauses Required by Law.
What Should Be in a Construction Contract? Identifying/Contact Information. Title and Description of the Project. Projected Timeline and Completion Date. Cost Estimate and Payment Schedule. Stop-Work Clause and Stop-Payment Clause. Act of God Clause. Change Order Agreement. Warranty.
As you look to begin your whole home remodel, heres the general order of operations: Planning and Design. Demolition. Rebuilding/Framing. Mechanicals/Plumbing/HVAC/Electrical. Walls. Flooring. Cabinets. Appliances.
A contract is a legal agreement between you and the company you hire to do your renovation. It sets out the roles and responsibilities of both parties in relation to the project, and it protect both parties interests.

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