Commercial Contractor Package - Missouri 2025

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The document is a Missouri Commercial Contractors Form Package provided by U.S. Legal Forms, Inc., containing essential legal forms and tools for managing legal issues in commercial construction projects. It includes various forms such as contracts, change orders, safety plans, and customer feedback surveys, along with descriptions and tips for completing them. The package aims to protect the legal rights of contractors, owners, suppliers, and subcontractors during construction activities.
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Net 10, Net 30, or Net 60 (found on the invoice) simply indicates that the contractors payment is due 10, 30, or 60 days from the date of the invoice, respectively. Risks: This is the most common payment term for independent contractors, and there are few risks associated with it.
In the construction and contracting industry, it is standard industry practice to collect payment for services provided within 30 days.
Prompt payment laws are a set of rules that regulate the acceptable amount of time in which payments must be made to contractors and subs. This is to ensure that everyone on a construction project is paid in a timely fashion.
Owner to Prime Contractor (Public): Payment due at least every 30 days. Final payment due 30 days after project completion. Prime Contractor to Subcontractor (Public): 15 days after receipt of payment from owner. Interest/Penalties (Public): Interest at a rate of 1.5% per month.
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.

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People also ask

In short, no; Missouri contractor licensing isnt required at the state level. However, businesses do have to register with the Secretary of State, and additional local requirements apply. This means in some cities and counties, a local contractors license or registration is required to perform construction legally.
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.
File a Complaint: If the contractor is licensed, you can file a complaint with the appropriate licensing board or consumer protection agency. Small Claims Court: If you cannot resolve the issue, you may consider taking the contractor to small claims court, depending on the amount in dispute and local laws.

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