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What are subcontract documents?

A subcontractor agreement is a legal document that defines subcontractor responsibilities clearly. It sets forth things like timelines, terms of payment, licensing, insurance coverage, and how disputes are to be handled.

Why do I need a subcontractor agreement?

Simply put, a Subcontractor agreement is a risk control strategy which shifts risk from one party to another. With such an agreement, the contractor is protecting themselves from risk derived from the work of their Subs.

What is the purpose of a subcontractor statement?

In completing the Subcontractors Statement, a subcontractor declares that workers compensation insurance premiums payable up to and including the date(s) on the Statement have been paid, and all premiums owing during the term of the contract will be paid.

What is the purpose of a subcontracting plan?

The purpose of the small business subcontracting plan is to ensure Other Than Small Businesses (OTSB), any business that is not considered a small business, are setting aside part of the federal money they receive to subcontract to small businesses.

What should be included in a subcontractor agreement?

8 things a subcontractor agreement should include Business information. Include names, businesses names, and contact information for both the subcontractor and the hiring contractor. Scope of work. Payment terms. Change orders. Licensing and insurance coverage. Dispute resolution. Termination clause. Flow-down provisions.

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