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Michigan Subcontractors Package

Michigan Subcontractors Package

Name: Michigan Subcontractors Package
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.66 (387 reviews)

Category:

Michigan Construction - Contractors - Subcontractors

State:

Michigan

Control #:

MI-P081-PKG

Format:

Instant download

Description

This package contains essential documents for Subcontractors to use to manage their construction project and protect their legal rights. The heart of this package is the subcontractor's agreement that complies with state law.

This package contains the following forms:

1. Michigan Construction Contract - Cost Plus or Fixed Fee
2. A Construction Project Information Sheet
3. A Change Order Sheet
4. A Certificate of Completion
5. A Weekly Equipment Summary
6. A Time and Material Log
7. A Bid Log
8. A Bid Follow Up Letter
9. A Summary of Estimate
10. A Final Project Punch List
11. A Worker Safety and Health Plan
12. An Accident Report Form

Purchase this package and more than 50% over purchasing the forms separately!

Michigan Contractors Forms Package

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Owner's and Contractor Affidavit of Completion and Payment to Subcontractors

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Sample Complaint by Contractor for Amount Due

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Contractor Indemnification

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FAQ

All subcontractors must file and pay taxes including state, local and federal income and self-employment taxes on their own. The general contractor must file IRS Form 1099-MISC if the subcontractor earns over $600.

Contractors and subcontractors don't affect your payroll, because they're not employees.When it comes to tax obligations, both the contractor and the subcontractor are responsible for paying their own taxes. Typically, you would provide the contractor with a IRS Form 1099 for the work they did for you.

California is an employment-at-will state, meaning that the employer can choose to fire you at any time without providing a reason.Whenever you sign an employment contract or an independent contractor's one, make sure that you understand the terms and conditions of termination.

Subcontractor markup will vary by trade and can be upwards of 25% depending on the trade and whether the work is union or non-union. To summarize, the contractor marks up work performed his own employed workers and each subcontractor (or supplier) hired by the contractor will mark up their own work.

Self employed workers can have their employment terminated at any time as long as they are issued with the required notice of termination as per their contract.subcontractors can be employees of the business that hires them, even if they have a written contract which expressly states that they are not employees.

Contractors don't need employment rights, but situations do arise where a long-term relationship between a contractor and a client starts to resemble having a job. If you are inside IR35, there is a chance you may have employment rights.

A rule of thumb for independent contractors is that the vendor should be allowed to mark up your pay rate by about 15 percent when billing the client. This allows the vendor a respectable profit without making the bill rate outrageous.

A residential builders or maintenance and alteration contractors license is required when contracting to construct, repair, alter, add to, or improve a residential or combination residential and commercial structure.

Clients withhold retention against main contractors and main contractors withhold payment against sub-contractors. Retentions typically take the form of a percentage on the contract value. The rate can vary wildly but is typically around 5%.

Michigan Subcontractors Package

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FAQ

How does a contractor pay a subcontractor?

Are subcontractors considered payroll?

Can you fire a subcontractor?

What percentage do contractors mark up subcontractors?

Can you sack a subcontractor?

Do subcontractors have employment rights?

How much should a contractor pay a subcontractor?

Do subcontractors need to be licensed in Michigan?

What is the typical retainage for subcontractors?

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Michigan Subcontractors Package

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