Recently, some contractors have started offering consumer financing for large-scale home improvement projects. You may want to include monetary penalties for substantial delays.įinancing terms and conditions. (If you have requested special order items, though, you could be required to pay their full cost in advance.) Further payments can be scheduled by either a specific date or a project milestone. Generally, local law spells out a maximum percentage of the project cost which is payable upfront as a deposit - usually 10 to 33 percent. Indicate whether this figure does or does not include materials. Record the projected start and finish dates for the job. Requirements vary according to where you live, so be sure to do your due diligence. Specify which documents and procedures are required and who will be responsible for arranging them. You might wish to attach your building plans as an appendix.īuilding permits and inspections. Include all labor, equipment, and materials that the contractor is to supply, specifying the brand, model, price, and number or quantity of units (for example, 6 electrical boxes or 1,000-square feet of tile). This section should describe in detail the work which you are contracting to have performed.
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