Remember that a written contract is an important part of any major home renovation project, especially if you hire a contractor for the job. For those living in Portland, the contract will state the terms of the agreement in between the Portland remodel contractor and you as the homeowner. It will serve as a vital mediation tool in case any issues will arise during the renovation project.
Here are some of the most important things that you should know regarding the contract for a home renovation project in Portland.
All Relevant Details Must Be Stated
The home improvement contract is often prepared by the Portland remodel company that you will hire for the job. So read the contract well and make sure that it states all the relevant details, such as the name of the contractor company, their address, as well as their license number. It should also have your name in it and your complete address and you should be referred to as the “owner” on such contract.
Describe the Project in Details
The Portland remodel contractor that you will hire for the job should describe the home renovation project in details. It should state the specific materials needed for the renovation, the length of time of the project and the expected completion date. The contract should also state the work expected to be performed by the Portland builder or contractor.
The Total Project Price should be Included
The total agreed price for the home renovation project must be clearly specified on the contract. If the project is time and material in nature, then the hourly rate should be clearly stated. Any other provisions should be noted by the Portland remodel company as well, such as the guaranteed maximum price, payment schedule and other important details concerning the project cost.
Both Parties Should Sign the Contract
At the end of the contract, there should be a space for both parties to sign. Before the signature, a provision should state that the undersigning parties have agreed and have fully understood the terms and all details stated on the contract. A space underneath the provision should be provided for you to sign and of course, for the Portland builder to sign as well. Do not affix your signature on the contract if there are some details that are not clear to you and if there are things on the contract that you do not agree on.