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To register with LI as a contractor, you must: Register your business with Department of Revenue. Get a surety bond or an assignment of savings. Purchase a general liability insurance policy. Complete your Application for Contractor Registration. Pay the required application fee of $124.70.
Responsibilities: What Does a General Contractor Do? Creating and managing the construction schedule. Organizing and managing the jobsite. Hiring subcontractors and managing their quality. Contracting suppliers and vendors. Licensing and renting equipment. Providing field management and labor.
Construction Contractors Must Be Registered. Washington State requires all construction contractors to register with LI. State law also requires construction contractors to be bonded and insured to protect the public. Once registered, contractors can bid, advertise, and perform construction work.
Based upon my experience litigating construction cases, the following are 7 typical construction contract clauses that are commonly the source of contractual disputes: (1) scope, price, and time provisions; (2) flow down clauses; (3) pay-when-paid/pay-if-paid provisions; (4) termination for convenience clauses; (5) no
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.
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There are three basic types of pricing arrangements in construction contracts: (1) stipulated sum (also known as fixed price or lump sum), (2) cost plus (with or without a guaranteed maximum or not-to-exceed price), and (3) unit price.
It costs $113.60 to register for a Washington State Contractors License for a two-year period. Checks, money orders, Visa, or MasterCard are accepted.
Elements of a Construction Contract Name of contractor and contact information. Name of homeowner and contact information. Describe property in legal terms. List attachments to the contract. The cost. Failure of homeowner to obtain financing. Description of the work and the completion date. Right to stop the project.
How to Get a Washington Contractor License: Be sure you need a contractors license. Register your business with the WA Secretary of State. Register with the Department of Revenue. Get an EIN Number. Get bonded. Obtain proof of insurance. Submit your application.
Therefore, below are some of the most important Construction Contract Clauses which you need to review before you sign the agreement. Scope of work. Contract amount. Project duration. Payment terms. Variation clause. Liquidated damages. Dispute resolution.

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