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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.
As a very rough rule of thumb, the profit for the subcontractor should lie somewhere between 3-5% of the total job, but there is no fixed rule. Where there is some room in your agreement for negotiation is what you consider the margin for profit and what you might classify as contingency.
A construction permit must be obtained by the person that is legally authorized to perform the work. Generally, the North Carolina General Statutes require that construction work be performed by an appropriately State licensed contractor who is responsible for obtaining the permit.
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.
How do I get a license? To obtain a license you must complete the Application for License to Practice General Contracting in the State of North Carolina which is available on the Boards website at .nclbgc.org. The application must fully comply with all requirements established by the Boards statutes and rules.
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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.
How do I create an Independent Contractor Agreement? State the location. Describe the type of service required. Provide the contractors and clients details. Outline compensation details. State the agreements terms. Include any additional clauses. State the signing details.
A subcontractor agreement is a legal document that a general contractor uses on a construction project to hire a subcontractor. This contract is a legally binding agreement that defines the terms of a smaller job within the main project to be completed by an entity that is not the GC.
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.
North Carolina requires that any general contractors working on contracts in excess of $30,000 obtain a license. Additionally, most subcontractors also need specialized trade licensesthough in some case they may need a general contractors license as well.

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