Foundation Contract for Contractor - Massachusetts 2025

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Typically a contractor would ask for 50% upfront to cover the initial get go of a project. Like stated above materials and wage costs. My advice to you would be to ensure everything is typed in a contract that both you and the contractor have signed.
Do you need a license to be a general contractor in MA? Massachusetts general contractors who work on buildings of less than 35,000 cubic feet must have a license issued by the state. In some cases, you may also need to register as a home improvement contractor through the Office of Public Safety and Inspections.
By law, the contractor cannot collect more than 1/3 of the cost of the contract in advance, unless special order materials are needed.
A contractor cant legally do work on your property without your approval. If they start work without getting your go-ahead, it can be seen as unauthorized, which could lead to legal issues.
Foundation agreement is necessary for the creation of company and is considered to be the main document for the formation of legal entity, drawn up in writing. From the legal standpoint, such a contract entails mandatory fulfillment of obligations and existence of founders rights.
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People also ask

All contractors, partnerships, and corporations that solicit, bid on, or perform residential contracting as a contractor or subcontractor on an existing one to four unit owner occupied residential property in Massachusetts must be registered as a Home Improvement Contractor (HIC).
Most construction projects will require both a licensed and registered contractor. However, if your contractor does not hold a valid CSL but the work he/she contracts to perform requires it, he/she must obtain a CSL or hire an active Construction Supervisor Licensee to supervise the project.
Out-of-state contractors or subcontractors doing business in Massachusetts are responsible for: Registering as an Out-of-State Contractor via DORs MassTaxConnect to: Submit/attach a Guarantee Bond Form or pay a surety deposit for any project valued at $20,000 or more (including materials).

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