You’ve been thinking about that home improvement project for months, maybe even years. You’ve interviewed several contractors and you feel you’ve found a trustworthy contractor who offers the greatest value for the work you’re planning.
No matter how well you know the person you’ll be working with, you need more than a handshake or a price on the back of a business card to protect yourself. Additionally, most of us have very little, if any, experience with home improvement products or installation methods. If we want the end results to match our dreams, it’s critical to make sure that all of the things that were agreed upon are put down in black and white. In fact, the term “contractor” comes from the root word “contract”.
What are the five primary components in such a contract? Obviously, a description of the work to be done and details about the exact products to be used is critical; the more detailed the specification the better. Next, is the time span when the work will be performed. Another thing that is critical for your protection is written verification of insurance coverage, including liability and workman’s compensation insurance for every person who will be on your property. Warranty responsibilities should also be clarified. Finally, deposits and payment terms need to be clearly spelled out.
A successful project starts with a meaningful contract. Remember, the palest ink is better than the sharpest memory!
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