Crucial Components of a Renovation Contract
- Project Extent a thorough explanation of the work (e.g., landscaping, bathroom improvement, kitchen makeover). Use of particular brands, materials, and finishes. If available, drawings, plans, or sketches are attached. —
2. Timetable dates of start and finish. Milestones, such as framing, plumbing, finishing, and demolition. allowances for supply chain, weather, and other delays. —
3. Price and Terms of Payment The entire project cost broken down by item (labor, materials, permits, disposal). Payment schedule: initial deposit, subsequent installments, and last payment. The pricing and approval process for modifications (change orders). —
4. Accountability The contractor’s duties include labor, garbage removal, site cleanup, safety, and monitoring. The client’s obligations include granting access, making prompt decisions, and making payments on time. —
5. Quality Control & Warranties Workmanship warranty (usually one year).Manufacturer warranties cover appliances, fixtures, and materials. Agree on who will handle problems or repairs. —
6. Legal and Insurance. Proof of contractor license and insurance (liability and workers’ compensation). Who will obtain permits (typically the contractor)? Dispute resolution procedure (mediation, arbitration, or court). —
7. Signatures Both parties sign and date the agreement. Copies were delivered to both the contractor and the client. —
Tips for Clients Always receive at least 2-3 quotations before hiring a contractor. Never pay in full at once; instead, make payments in installments. Put everything in writing (avoid verbal promises). Before signing, check your references and former projects.