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South Carolina Subcontractors Package

South Carolina Subcontractors

Name: South Carolina Subcontractors Package
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.73 (444 reviews)

Category:

South Carolina Construction - Contractors - Subcontractors

State:

South Carolina

Control #:

SC-P081-PKG

Format:

Instant download

Description Sc Packet Form

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. South Carolina 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!

South Carolina 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

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.

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.

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.

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.

In South Carolina, the South Carolina Department of Labor, Licensing and Regulations is responsible for the licensing of all contractors. General, mechanical, specialty and manufactured housing contractors must be licensed in order to work in the state.

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.

South Carolina Subcontractors

Description Sc Packet Form

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FAQ

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 I ensure my subcontractors are paid?

What percentage do contractors mark up subcontractors?

How do you write a subcontractor?

Do subcontractors need a license in South Carolina?

What is the typical retainage for subcontractors?

What are the roles and responsibilities of a subcontractor?

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South Carolina Subcontractors

Description Sc Packet Form

Sc Packet Statement Related Forms

Related legal definitions

How to fill out South Carolina Subcontractors Package?

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