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If the discrepancy is more than 10% to 20%, that difference could be a financial hardship for you. Sometimes, the company will work with you, especially if you have professional help when negotiating the increased costs of the project. Other times, you may have to file a complaint.
What is the prompt payment statute in Ohio?
The Prompt Payment Act sets certain time requirements for when payments must be made on Ohio construction projects. The Prompt Payment Act requires general contractors to pay subcontractors within 10 calendar days after receipt of payment from the owner.
How much do commercial contractors charge?
General contractor fees for commercial projects are 20% to 25% of the total construction cost. Commercial buildings typically require larger HVAC, plumbing, and electrical systems, heavy construction equipment, and more materials and laborers than residential projects.
Should you give a contractor 50% up front?
Yes, it is relatively common for contractors to request a deposit upfront, often around 10% to 50% of the total project cost. This deposit helps secure the contractors commitment to the project and covers initial costs.
How much work can you do without a contractor license in Ohio?
Ohio doesnt require any special licenses for minor repair work, such as painting or home improvement projects that cost less than $1,000. More extensive projects require a state or local license.
Related Searches
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OIA Complaint Form The PDF version of the OIA Complaint Form
How much can a contractor ask for up front in Ohio?
The law also places a limit on the amount a contractor can take as a down payment or deposit before work starts. Unless there are custom or specialty orders for materials, the contractor cannot ask for more than 10% upfront before work starts.
What is a contractor package?
Contractors packages are specifically tailored to provide necessary coverage for your business. This typically provides blanket additional insured, aggregate per project, installation floater, builders risk, and other specialized coverage for contractors.
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.
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Indoor Air Vapor Intrusion Mitigation Approaches
The Engineering Issues are designed to help remedial project managers (RPMs), on-scene coordinators (OSCs), contractors, and other site managers under- stand
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