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Paving Contract for Contractor - North Carolina

Paving Contract for Contractor - North Carolina 2025

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This document is a Paving Contract between a Contractor and an Owner, outlining the scope of work for paving services, including materials and labor required for the project. It details the work site, completion timeline, permit responsibilities, soil conditions, insurance requirements, payment terms, and procedures for changes to the scope of work. The contract also addresses issues related to late payments, destruction or damage to the project, assignment of the contract, governing law, attorney fees, performance standards, and warranty limitations.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Should you give a contractor 50% up front?

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.

How to write a contractor agreement?

A contract should contain everything agreed upon by you and your licensed contractor. It should detail the work, price, when payments will be made, who gets the necessary building permits, and when the job will be finished. The contract also must identify the contractor, and give their address and license number.

How much can a contractor ask for upfront in North Carolina?

A: There is no limit by law, but it should be a negotiated sum between the homeowner and contractor. Generally, deposits should be limited to around 10% of the contract price, but this also depends on the remaining pay schedule. Contractors typically ask for deposits for material costs.

Do NC contractors have to be bonded?

In North Carolina, general contractors must carry one of three bonds, depending on the size of the project. A limited license bond is $175,000, an intermediary license is $500,000, and an unlimited license is $1,000,000. Although these bond amounts are high, you only have to pay a fraction of the total.

What are normal payment terms for a contractor?

Here are the most common contractor payment terms to know. Prepayment. Some contractors request a prepayment (such as 50% of the total fee) to be paid before they begin a job. Payment upon delivery. Net 10, 30, and 60. End of month.

Can a contractor ask for money upfront?

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.

How much can a contractor mark up?

Most general contractors use a markup of between 15-20%. However, contractor markups largely depend on the project and average costs in the area.

Paving Contract for Contractor - North Carolina 2025

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