How to Choose the Right Contractor for Your Construction Project
How to select a contractor for a project?
Check references about the quality of their products, their workmanship and their customer service. Inquire about their professional reputation and years in business with the Better Business Bureau. A contractor with more than five years of experience is preferable. Get multiple bids before deciding.
What should I look for in a contract with a contractor?
So, what should be in a contractor’s contract? Include whatever is important to you. Drawings are critical. Scope of the work included and not included. Materials to be used. Expected start and completion dates. How long is the pricing valid. How long would you expect the contract to be? Depending on the job.
What are the types of contracts?
4 Different Types of Contracts: Type of Contract | Everyday Use |
Implied Contracts | Common in everyday transactions like dining out. |
Express Contracts | Standard in formal business agreements. |
Simple Contracts | Used for straightforward services or transactions. |
Unconscionable Contracts | Often challenged in court for fairness. |
How to read a construction contract?
- Scope of work. The first section that you should review is the scope of work described in the contract.
- Contract amount.
- Project schedule.
- Contract documents.
- Dispute resolution method.
- ‘Pay-when-paid’ or ‘pay-if-paid’
- Termination for convenience.
- No damage for delay.
How do you evaluate a contractor?
5 Metrics to Use in Contractor Performance Reviews
1 – Check-In Compliance.
2 – Response Time.
3 – Work Order Completion Percentage.
4 – First-Time Completion Percentage.
5 – Location-Based KPIs.
What are the 4 rules of contract law?
A law contract is a legally binding agreement between two or more parties with the capacity to agree. For a contract to be valid, it must meet four key essentials:
offer, acceptance, consideration, and the intent to create legal relations.
What makes a contract invalid?
A contract is invalid if any of the following conditions apply: The terms of a contract specify the illegal activity. One of the parties to which the agreement relates doesn’t have legal capacity (it is mentally incapable of entering into a legally binding agreement).
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