The contract between you and the contractor should outline the project in detail and protect each of your interests. This written document should include:
- Your name, address and contact information
- Address of the property where the work is to be done
- Contractor’s name, address and contact information
- Insurance information and the contractor’s license number, if required
- A complete description of the project along with any work plans and sketches. This should also include start and completion dates as well as a list of job responsibilities.
- A detailed materials list. You should specify product, size, type, model, quality, etc.
- Payment schedule for the contractor, subcontractors and suppliers
- Agreement on who (usually the contractor) will obtain all necessary permits
- An explanation of how “change orders” will be handled. These terms will dictate the conditions in which a contractor can change or add to the work as well as the payment procedures for them.
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