Foundation Contract for Contractor - Tennessee 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the Contractor's name and address at the top of the form. This identifies who will be performing the work.
  3. Next, enter the Owner's name and address. This section is crucial as it specifies who is hiring the contractor.
  4. Proceed to the 'SCOPE OF WORK' section. Fill in details regarding materials, dimensions, and specifications for concrete mixes, footings, and other components as required.
  5. In the 'TIME OF COMPLETION' section, specify start and completion dates for clarity on project timelines.
  6. Complete sections on permits, soil conditions, insurance, and any changes to scope of work as necessary. Ensure all fields are filled accurately to avoid disputes later.
  7. Finally, both parties should sign and date the contract at the bottom to make it legally binding.

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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.
The Home Improvement law prohibits contractors from asking for a down-payment of more than 1/3 of the total contract.
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.
As a residential construction contractor, the profit margin typically ranges from 10% to 20% of the total project cost. This percentage can vary based on several factors, including:
In general, a Tennessee contractors license is required before bidding or offering a price for projects $25,000 and up. This applies to general contractors along with subcontractors performing electrical, mechanical, plumbing, HVAC, and roofing work, and for masonry work of $100,000 or more.

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