Contractor Contract Template With Payment In Arizona
Description
Form popularity
FAQ
The qualifying party must possess at least four years of contracting experience and sit for two major trade examinations when applying for a general contractor license in Arizona. The state requires contractors to ace the AZ Statutes and Rules Training Course and Exam (SRE) and Trade exam in their specialty areas.
When is a contract legally binding? Typically, a document that includes an offer, acceptance, and appropriate consideration will be considered legally binding. In most cases, a contract is binding in Arizona even if the parties signed it in another state.
Taxable Contracting Activities All contractors are considered to be prime contractors and must have a transaction privilege license. This includes general contractors, subcontractors, and specialty contractors.
What Is a Reasonable Up-Front Deposit for a Contractor? Job SizeDeposit Small 50% Large 10%–20% Custom or specialized Up to 50%
Some contractors offer financing options, but it's usually through a third party lender. In some cases, contractors may allow a customer to make payments but it's usually a few large payments as opposed to several smaller monthly payments.