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| The Contract |
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- The company
name, address, phone number and the full name and license number of the builder/contractor
and/or the salesperson.
- Detailed job
specifications which include a description (brand names, colors, grades, styles
and model numbers) of materials, a list of all costs spelled out clearly,
and any architects or engineers drawings which are required.
- Start and completion
dates. These should allow for any reasonable delays but should include a clause
allowing you to withhold payment if work slows down for no apparent reason.
- A statement
that all required building permits and variances will be obtained by the contractor
before work is begun. The building permit is for your protection. An inspector
will make sure the finished job meets all codes and safety standards, and
makes the contractor responsible for corrections.
- A guarantee
that the contractor carry liability insurance and has Workers Compensation
coverage, in case of accidents on the job.
- A statement
of warranty on the work. Be sure it tells if labor and materials are guaranteed,
and for how long. A statement that cleanup will be done by the contractor
should be allowed.
- A provision
for credits if there are large amounts of materials left over. On the other
hand, you should be prepared to pay for extra materials if the project takes
more than anticipated. Your builder should provide you with a description
of these extra costs in writing, so that there are no surprises on your final
bill.
- The terms of
payment should be clearly stated in the contract.
- A right to
cancel clause. If you are solicited and have signed the contract in your home,
you have three days to cancel the contract if you change your mind. You must
send the contractor a registered letter stating you wish to cancel.
- If everything
in the agreement is satisfactory, both the contractor and the homeowner must
sign and date the contract. Any changes or revisions must be dated and initialed
by both parties.
- Be sure that
the contractor gives you a copy of the contract, with any changes noted.
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