The Contract is Key »
One of the most important features of your remodeling project
is the contract. Be sure that it includes the
contractor’s name, address, phone and license number.
Detail what the contractor will and will not do. Your
contractor should detail a list of materials for the project in
your contract. This includes size, color, model, brand name and
product.
The contract should include the approximate start date and
substantial completion dates. Study all required plans
carefully. Insist that you approve them and that they are
identified in your written contract before any work begins.
Federal law requires a contractor to give you written notice of
your right to cancel a contract without penalty, within three
business days of signing it.
Make sure financial terms are understood and spelled out in
the contract. The total price, payment schedule, and any
cancellation penalty should be clear.
A warranty covering materials and workmanship for a minimum of
one year should be written into the contract. The warranty must
be identified as either “full” or
“limited.” The name and address of the party who
will honor the warranty (contractor, distributor or
manufacturer) must be identified. Make sure the time period for
the warranty is specified.
A binding arbitration clause is also a good inclusion in the
event a disagreement occurs. Arbitration may enable you to
resolve disputes without costly litigation. Thoroughly review
the entire contract and be certain you understand it before
signing it.
Consider the scope of the project and make sure all items
you’ve requested are included. If you do not see a
specific item in the contract, consider it not included. Never
sign an incomplete contract. Always keep a copy of the final
document for your records.
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