Construction Brothers LOOK FOR THESE THINGS IN YOUR CONTRACTS! | 5 Minute Friday
Jul 16, 2021
05:34
Special thanks to Karalynn Cromeens for providing these awesome tips for us this week!
Here's what we're covering. - READ. THE. SCOPE. The scope you are hired to do is not the same as the bid. Make sure you know what work you are agreeing to do. - Don’t agree to the terms of the prime contract. 99% of all subcontracts make you responsible for the prime contract as well as your subcontract. Cross out the part that says you are responsible for the prime contract or at least get a copy of it before you agree to it. - Add language to any contract that you sign that will allow you to get paid for any increased cost in materials. For specific language see Karalynn's blog! - Don’t agree to a schedule you can’t complete. Delay damages are based on the date you agree to in the schedule. Any contract you sign should also include a clause that will give you extra time due to delays in getting materials or finding qualified workers. For exact language see my recent blog article. - Do not do extra work without a signed change order BEFORE starting the work. Before you sign the contract review to see how this particular company agrees to the amount of any change order and the process required to get it signed. If you do the extra work without a signed change order you will not get paid for that extra work.
Related Links The Subcontractor Institute
The Cromeens Law Firm
Karalynn's LinkedIn
Quit Getting Screwed!
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Like us on LinkedIn!
Like us on Facebook!
Follow us on Instagram!
Eddie's LinkedIn
Tyler's LinkedIn
(Our day job)See omnystudio.com/listener for privacy information.
Here's what we're covering. - READ. THE. SCOPE. The scope you are hired to do is not the same as the bid. Make sure you know what work you are agreeing to do. - Don’t agree to the terms of the prime contract. 99% of all subcontracts make you responsible for the prime contract as well as your subcontract. Cross out the part that says you are responsible for the prime contract or at least get a copy of it before you agree to it. - Add language to any contract that you sign that will allow you to get paid for any increased cost in materials. For specific language see Karalynn's blog! - Don’t agree to a schedule you can’t complete. Delay damages are based on the date you agree to in the schedule. Any contract you sign should also include a clause that will give you extra time due to delays in getting materials or finding qualified workers. For exact language see my recent blog article. - Do not do extra work without a signed change order BEFORE starting the work. Before you sign the contract review to see how this particular company agrees to the amount of any change order and the process required to get it signed. If you do the extra work without a signed change order you will not get paid for that extra work.
Related Links The Subcontractor Institute
The Cromeens Law Firm
Karalynn's LinkedIn
Quit Getting Screwed!
Please consider subscribing! SUBSCRIBE!
Like us on LinkedIn!
Like us on Facebook!
Follow us on Instagram!
Eddie's LinkedIn
Tyler's LinkedIn
(Our day job)See omnystudio.com/listener for privacy information.