PandaTip: Milestone payments can be referred to in dollars or percentages. Be as detailed as possible in terms of scope to minimize disputes. In addition, some cities and states have specific restrictions on the percentage of payments that contractors can receive at certain stages of a construction project, so you must comply with those restrictions. If the compromise clause is mentioned in the agreement, the dispute should be settled out of court. You should understand that arbitration is the least expensive and billing will be done quickly. If you sign the agreement with the compromise clause, you do not have the right to take the matter to court. If there are changes, they should be made in accordance with the agreement between the owner and the contractor. In most cases, there will be no change. The changes will be minor. For example, the layout of cabinets, wiring and the inclusion of additional power outlets and other aspects may be discussed by the owner, so that his interests are served by the contractor. As long as construction costs are within the price limit, there will be no difficulty in making changes. a) All materials and treatments must be the best of each type and be described in calendars. The architect`s decision regarding the sets, quantities and scope of the material and treatment is final and binding for the contractor.
Specific marks indicated according to the attached schedule. If it is a new building or a larger number (more than 2 to 3 months), the contractor requires that overtime be paid to them or at certain checkpoints. The client is responsible for the fact that the project works accordingly and, if certain parameters are met, to make the payment. The standard agreement between the owner and the contractor will contain full details of the construction. The construction must be carried out as a local construction. The contract should include drawings and specifications approved by the relevant authority. Details of the authorization granted by the local government should also be mentioned in the agreement. D.
Non-payment, if due, results in a breach of contract. The contractor has the right to stop construction if no payment is made.