If the contractor`s request is appropriate, the request is processed by the owner. If the owner is not satisfied with the extension beyond a reasonable period, the contractor is liable for damages. A construction contract is a legal document that binds both parties to the agreed terms. The duration of the project, the cost per square foot or per item, the building materials used, etc. are mentioned. Construction invoice – For a contractor, to ask his client for payment for services rendered. YES, It is very important to get a construction contract even before the construction of a house, as it clearly mentions the terms agreed between the two parties, such as owners/contractors/contractors. Construction plans must comply with local regulations and complete information must be provided to the owner. Various elements such as building structure, electrical wiring, plumbing, drainage, septic tank, water cistern and gutter, road access, landscaping and full description should be indicated in the agreement, in order to avoid ambiguity. There should be no conflict in the payment method.
The method of payment can be made by cash, check or electronic transfer of money, in accordance with the mutual agreement. The law of the land should be respected so that there are no problems. You can settle the payment at the end of the month. If you are not able to pay large bills immediately, you can negotiate with the contractor so that the payment of the invoice is made in instalments. It is therefore necessary to clarify the frequency of payments and the volume of payments. PandaTip: There will usually be a collection of documents, designs, specification lists, etc. by architects and designers and laid out the specific details of the construction project. List them in such a way that there is no dispute between the parties about who they are. It is customary to identify the type of document that prepared it, the date that appears on the documents and the number of pages. The agreement should mention the cost of different building materials used for the construction of the house. If you are not discussing additional charges, they should be discussed with the housing contractor….