Hiring a general contractor in Ohio can be a big decision for any home or business owner. Before you finalize the contract, it`s important to understand all the terms and conditions that come with the agreement. In this article, we`ll take a look at the most important aspects of a general contractor agreement in Ohio that you should keep in mind.
Scope of Work
The scope of work section of the general contractor agreement outlines the specific tasks and duties that the contractor will be responsible for. This section should be as detailed as possible so that both parties are clear on what is expected. Make sure that the contractor has provided a comprehensive list of duties and services they will be providing, including a timeline for completion.
Payment Terms
One of the most important aspects of any general contractor agreement is the payment terms. This section outlines the payment schedule and terms of payment. Typically, contractors require a down payment at the start of the project, with the remainder paid in installments throughout the project. Payment is typically due upon completion of the project and final inspection. Make sure you review the payment terms carefully before signing the agreement and understand all payment obligations.
Material and Equipment
The agreement should also outline the materials and equipment that the contractor will be using for the project, including any warranties or guarantees that come with them. If the contractor is using subcontractors or other professionals, the agreement should also specify the role of these other parties, and their responsibilities.
Liability and Insurance
It is very important to ensure that the contractor you are hiring has proper liability and insurance coverage. The general contractor agreement should specify the types of insurance and coverage that the contractor has, including general liability insurance, workers` compensation coverage, and property damage coverage. If you`re not sure about the contractor`s coverage, ask for proof of insurance and liability coverage before signing the agreement.
Termination Clause
Finally, the general contractor agreement should include a termination clause. This clause outlines the conditions under which either party can end the agreement before the project is complete. It`s important to include this clause in the agreement to protect both parties in case of unforeseen circumstances or unforeseeable issues that may arise during the course of the project.
In conclusion, the general contractor agreement is a critical document that covers all aspects of the contractor`s responsibilities and obligations. Make sure that you read and understand the agreement before signing it, and don`t hesitate to ask for clarification or changes if there are any clauses that you`re unsure about. When it comes to hiring a general contractor in Ohio, taking the time to read and understand the agreement will help ensure that your project runs smoothly and that you`re satisfied with the end result.
