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Hawaii Subcontractors Package

Hawaii Subcontractors Package

Name: Hawaii Subcontractors Package
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.82 (356 reviews)

Category:

Hawaii Construction - Contractors - Subcontractors

State:

Hawaii

Control #:

HI-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. Hawaii 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!

View Hawaii Contractors Forms Package

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

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View Sample Complaint by Contractor for Amount Due

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View Contractor Indemnification

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FAQ

The payment bond is backed by a surety company, and protects the owner and subcontractors. If a general contractor refuses to pay his subcontractors, they can make a claim against the payment bond. The surety company will pay out the subcontractors for at least part of their money and take the contractor to court.

Licensing. Scope of Work and Payment. Timing. Defense and Indemnification.

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.

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.

Start with procurement standards. Execute all subcontracts prior to starting your projects. Help those who help you. Award the job to the lowest fully qualified bidder. Use contract scope checklists. Make sure you have tight clauses. Meet to review the proposed subcontract.

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%.

A subcontractor will carry out duties on behalf of a contractor - who is responsible for their health, safety, and actions - and might be an individual or an organisation. However, the employees of a contractor are not considered subcontractors, they must be separate altogether.

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.

Most general contractors are looking at about a 35% margin and so they need to a mark-up of 54%, or 1.54. Subs can often get a profit margin of 50%, so they need a mark-up of 100% or 2x, as the table on the right makes clear.

Hawaii Subcontractors Package

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FAQ

How do I ensure my subcontractors are paid?

What should be included in a subcontract agreement?

How much should a contractor pay a subcontractor?

How does a contractor pay a subcontractor?

How do you write a subcontractor?

What is the typical retainage for subcontractors?

What are the roles and responsibilities of a subcontractor?

What percentage do contractors mark up subcontractors?

How much do general contractors mark up subcontractors?

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Hawaii Subcontractors Package

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