What makes a good contract? It contains comprehensive information on what to do, how and when it is done, the costs and payments that are needed and the guarantee. It clearly defines all aspects of the business relationship between you and your contractor with respect to the project. A good treaty treats both parties fairly. You will have the certainty of getting what you have agreed, according to the agreed schedule and at the agreed price. Contractors will receive their clearly formulated commitments and the assurance that you will pay in full and on time. In most cases, once you and your contractor have agreed on what to do and want to proceed with the project, your contractor will prepare a standard draft contract that you can verify. Check this document carefully to make sure it reflects exactly what you want and what you have approved. If your project is of high value or complex, you may want a lawyer to review the draft contract. If you do not agree with the draft contract, if you do not understand the aspects or if the details are missing, do not sign it. Discuss and resolve these issues with the contractor and have the contract amended if necessary before signing. Remember that once you and your contractor have signed the contract, its terms will bind you both.

A thorough and well-organized contract is one of the most important elements of a successful construction project. Here are two examples of contracts that make it easier for you to enter into the development of your contract. As always, it`s a good idea to have your contract checked by a contractor or lawyer to make sure you`re fully covered. If you prefer to invest your money in Italian tiles and other treats, learn how to read and replay construction contracts to get the best job from a contractor. That`s how it works. “There are some great national arbitrators, respected, like the American Arbitration Association,” says Tampa, Florida, attorney George Meyer, former president of the Forum of the American Bar Association on the Construction Industry. “And there are other dubious arbitrators who are always on the contractor`s side.” Make sure that the contract stipulates that any changes affecting the costs of the contract must be made in writing and countersigned by both the contractor and the owner before this work begins….