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Click ‘Get Form’ to open the Commercial Contract for Contractor - Tennessee in the editor.
Begin by filling in the names and addresses of both the Contractor and Owner at the top of the form. Ensure accuracy as this information is crucial for legal purposes.
In the 'SCOPE OF WORK' section, clearly describe the project details, including labor and materials required. Reference any attached drawings or specifications that outline these details.
Specify the 'WORK SITE' address where construction will take place. This should match any legal descriptions provided in related documents.
Fill in the 'TIME OF COMPLETION' dates, indicating when work will start and when it is expected to be completed. Be mindful of potential delays that may arise.
Complete sections regarding permits, soil conditions, and changes to scope of work as necessary. Each section requires careful attention to ensure compliance with local regulations.
Finally, review all entries for accuracy before signing. Utilize our platform's features to save your progress and share it with relevant parties for their signatures.

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Is it normal for a contractor to ask for 50% down?

You should never agree to an estimate thinking that the given amount is exactly what you will pay. However, any increase in price should generally stay within 10 to 15% of that new final cost. You may get an estimate in writing that states the contractor will not go above a certain percentage to make it safer.

How much can a contractor ask for up front in Tennessee?

The Home Improvement law prohibits contractors from asking for a down-payment of more than 1/3 of the total contract.

Is it normal for contractors to ask for money up front?

Yes, its common to put down 50% up front. Make sure they are licensed and bonded. Most communities also require they be registered at your building dept.

Does Tennessee require a contractors license?

How to Get Commercial Construction Projects Pursue Jobs as a Subcontractor if You are a General Contractor. Use Commercial Lead Generation Services. Sign Up for Government Construction. Ask Your Contacts in the Commercial Construction Industry for Referrals. Attend Networking Events and Trade Shows to Make New Contacts.