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 Vermont.
Vermont Electrical Contract for Contractor
Category:
State:
Vermont
Control #:
VT-00462-7
Format:
Word;
Rich Text
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Description
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How to fill out Vermont Electrical Contract For Contractor?
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FAQ
A certified contractor passed the state licensing examination. Certified contractors can work anywhere within the state in which they are licensed. A registered contractor is registered by a local county or municipality and receives a certificate of competency from the Electrical Contractors' Licensing Board.
To become a general contractor, you need at least a high school diploma, but there is an increase in a need for a bachelor's degree or at least an associate degree, plus years of construction industry experience. Regardless of education though, experience in the industry is the most important requirement.
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.
As mentioned earlier, general contractors' salaries can be around 10 to 20 percent of the project cost, with the rate going as high as 25 percent for larger projects. The fees are calculated from a listing of materials, markup on subcontractor labor, and the total price of the entire job.
Since Vermont does not require a general contractors license at the state level, you need to understand your local county and city requirements. In many cases, experience and examination will be needed to obtain your license for plumbing, electrical, and specialty trades mentioned above.
The contractor's name, address, phone, and license number (if required) an estimated start and completion date. the payment schedule for the contractor, subcontractors, and suppliers. the contractor's obligation to get all necessary permits. how change orders are handled.
General Contractor without Residential Contractor Endorsement - Can undertake commercial work or residential remodel work less than 25% of the value of the structure. No exam is required.
Make sure the contractor obtains a permit if the job requires one. Ask for a copy of the contractor's license and proof of insurance. Pay by check and get a receipt. Document any changes to the contract in writing.
Are you licensed for this type of work? Which types of insurance do you carry? How many building permits have you obtained in my area over the last two years? Can you provide a list of references? What is an expected timeline for this project? Will you hire sub-contractors for the job?