Bni form 101 hi 2026

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The BNI FORM 101-HI is a Home Improvement Contract that outlines the agreement between a contractor and an owner for home improvement projects. It includes essential details such as project description, payment schedules, rights to cancel the contract, insurance requirements, and provisions for handling disputes through arbitration. The document emphasizes the importance of written agreements for any changes or extra work and warns about potential mechanics' liens if subcontractors are not paid. Additionally, it provides information on consumer protection regarding contractor licensing and cancellation rights.

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Click ‘Get Form’ to open the bni form 101 hi in the editor.
Begin by entering the date of the agreement at the top of the form. This is crucial for establishing a timeline for your project.
Fill in the Contractor and Owner details, including names and addresses. Ensure accuracy as this information is vital for communication.
Specify the Project name and address, followed by a detailed description of the work to be performed and materials to be used.
Complete the Schedule of Progress Payments section, detailing each phase of work along with corresponding payment amounts. Remember, down payments should not exceed $1,000 or 10% of the contract price.
Review sections on insurance coverage and worker's compensation. Check appropriate boxes based on your contractor's status.
Finally, ensure both parties sign and date the agreement at the bottom before any work commences.

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