This form is designed for use between Electrical Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of Ohio.
Ohio Electrical Contract for Contractor
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State:
Ohio
Control #:
OH-00462-7
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Word;
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FAQ
You will need an Ohio electrical license to run your own electrician business. However, general electrical work in Ohio does not require licensing. Specifically, only commercial contractors in Ohio need a license to work.
A: It's not uncommon for contractors to ask for a down payment up front to secure your spot on their schedule or purchase some of the job materials in advance. Asking for more than half of the project cost up front, though, is a big red flag.I recommend tying payments to progress made during the job.
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.
Unless there are custom or specialty orders for materials, the contractor cannot ask for more than 10% upfront before work starts.
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.
The Simple Differences Between an Electrician and a General Contractor. And there is a difference. While both can perform some of the same functions, the essential difference is that when you hire a general contractor you're hiring someone who is a licensed electrician, but not a master electrician.
(Most municipalities allow you to do your own electrical work, though you're never allowed to wire someone else's home.) Also, get the proper permits from your local building department before starting.Electrical work isn't difficult, but the consequences for not doing it right can be serious.
You shouldn't pay more than 10 percent of the estimated contract price upfront, according to the Contractors State License Board.
The state of Ohio does not require a specific handyman license to perform minor repair work on residential property. However, you must possess a contractor specialty license to perform work in specialized trades such as refrigeration, hydronic, electrical, HVAC, and plumbing.