This is a sample form of an agreement between a contractor and a homeowner to remodel the homeowner's residence. A limitation of liability clause is included.
North Carolina Agreement Between Contractor and Owner to Remodel Residential Building
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Multi-State
Control #:
US-00841BG
Format:
Word;
Rich Text
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How to fill out Agreement Between Contractor And Owner To Remodel Residential Building?
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FAQ
Payment Schedule In Your Contract Before any work begins, a contractor will ask a homeowner to secure the job with a down payment. It shouldn't be more than 10-20 percent of the total cost of the job. Homeowners should never pay a contractor more than 10-20% before they've even stepped foot in their home.
Generally speaking, subcontractors do require licenses in North Carolina. This includes plumbers, electricians, HVAC contractors, and roofers. Even interior construction contractors need to carry trade licenses to work in North Carolina.
Since the licensure statute requires a license only for projects that cost $30,000 or more, there is arguably a fourth tier which is sometimes known as the "handyman exception"for construction projects that cost under $30,000, no license is required.
North Carolina law allows an individual to serve as the general contractor if the land is in your name and the home is to be solely occupied by you and your family for 12 months after completion, without a license and/or experience.
Failing to obtain a permit when required may result in substantial fines or being ordered to remove the offending project or incur costs to certify compliance with the applicable codes; it depends. What may surprise licensees is how many seemingly minor improvements/repairs may require a permit.
Current Law: North Carolina law currently requires any building construction or alteration project costing $30,000 or more to be superintended (supervised and managed) by a general contractor licensed in this state.
Current Law: North Carolina law currently requires any building construction or alteration project costing $30,000 or more to be superintended (supervised and managed) by a general contractor licensed in this state.
North Carolina requires that anyone who contracts with another person or entity to construct or make improvements to any building, highway, or public utilities, including grading, or who undertakes to superintend or manage such activities, be licensed as a general contractor if the work costs $30,000 or more.
Asking for more than half of the project cost up front, though, is a big red flag. A reputable and established contractor should have the wherewithal to purchase enough materials to get the job started without relying on your down payment. I recommend tying payments to progress made during the job.
Set a payment schedule in the contract. You never want to pay a contractor more than 50% up front. Depending on the size of the job, your initial payment is ideally going to be no more than roughly 30% of the total cost of the project.