Excavator Contract for Contractor - Massachusetts 2025

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Not to exceed 1/3 of the total contract price or the cost of special-order items, whichever is greater. The law forbids demanding full payment until contract is completed to both partys satisfaction.
Owner to Prime Contractor (Public): 15 days after receipt of invoice. If the entity is a commonwealth entity, payments must be made within 30 days. Final payment is due 65 days after invoice.
Its common for contractors to request some form of upfront payment, but the amount and reasons can vary. Here are some key points to consider: Deposit: Many reputable contractors ask for a deposit, typically ranging from 10% to 30% of the total project cost. This helps cover initial costs for materials and labor.
On private projects, Massachusetts Prompt Pay law requires property owners to make progress payments to Prime Contractors within 45 days after approval of invoice. The invoice must be approved or denied within 15 days.
Make sure you establish your credentials with every contact and make them aware of the scope of work you can perform, especially any developers or general contractors you meet. Let them know about your qualifications and the types of jobs youd like to bid on.

People also ask

An excavation contract is a legally binding agreement between parties where one agrees to perform excavation duties on behalf of another. These contracts specify the scope of the work, timelines, payment terms and the responsibilities of each party involved.
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.
By law, the contractor cannot collect more than 1/3 of the cost of the contract in advance, unless special order materials are needed.

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