This form is designed for use between Excavator 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 Oklahoma.
Oklahoma Excavator Contract for Contractor
Category:
State:
Oklahoma
Control #:
OK-00462-15
Format:
Word;
Rich Text
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Description
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How to fill out Oklahoma Excavator Contract For Contractor?
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FAQ
Your general contractor should provide proof of licensing, bonding and insurance before a project starts, but it's better to have it in hand before you sign any contracts. It's important that contractors carry any licensing and/or certification required for the specific trade or skill they practice.
Scope of Work, Selection Sheet and Drawings. License Number and Insurance. Description of Change Orders. Warranty information. Subcontractor Agreements. Payment schedule. Completion Schedule / Timeline. Clauses Required by Law.
Get it in writing. Keep it simple. Deal with the right person. Identify each party correctly. Spell out all of the details. Specify payment obligations. Agree on circumstances that terminate the contract. Agree on a way to resolve disputes.
Define and describe the project in detail. Include what materials must be used; be as specific as possible. Include weight, brand name and other identifying features. Specify the work being performed and all equipment being used or installed.
Identifying/Contact Information. Title and Description of the Project. Projected Timeline and Completion Date. Cost Estimate and Payment Schedule. Stop Work Clause and Stop Payment Clause. Act of God Clause. Change Order Agreement. Warranty.
Name of contractor and contact information. Name of homeowner and contact information. Describe property in legal terms. List attachments to the contract. The cost. Failure of homeowner to obtain financing. Description of the work and the completion date. Right to stop the project.
An estimate should be the contractor's best professional assessment, including the cost of hiring any subcontractors, the price of materials, and any other labor involved.
Check Contract Basics. The basic job of a contractor agreement is to spell out the scope of the project's work. Set a Payment Schedule. Schedule Start and End Dates. Specify Change Orders. Research Your Arbitration Options. Turn Down the Contractor's Warranty.
An agreement between private parties creating mutual obligations enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.