Five Mistakes to Avoid When Signing Commercial Contractor Agreements
When you’ve made an agreement with a commercial contractor, you must then abide by the stipulations of the agreement. So, it’s important to avoid any mistakes when signing agreements with your commercial contractor. Our team at Donald Rushing Construction Company has experience in this area, and we’re explaining five mistakes to avoid when signing an agreement with a commercial contractor.
- Not using specific language
Make sure when you’re signing an agreement with a commercial contractor that the contract has specific language. The cost and the timeline should be highlighted within the agreement, and the type of work being completed should also be included. Make sure the contract also includes provisions for project overruns.
- Not getting anything down in writing
If you’re unsure of any of the practices being used by the commercial contractor, you should not sign the agreement. Make sure that you get answers to your questions in writing before beginning. And ensure that the contract stipulates any compensation due to you for the contractor failing to complete the work as required.
- Signing without consulting an expert
If your business is working with a commercial contractor, you likely have time to review all elements of the contract directly. You should also make time to consult with an expert on contract law before signing the deal. Your business lawyer can help you review the agreement and check for any issues that might restrict the project from smoothly and continuously moving forward.
- Not including contractor license and contact information
In the unlikely event that the contract becomes part of a future court case, it will be of more value if it includes the contractor’s working license and all permits. Make sure that this information, as well as information regarding your business, is clearly stated in the agreement.
- Not getting signatures from all parties
The contractor agreement will require your signature for it to be valid. But it’s also important that you get the signature of the person overseeing the contract. This will ensure the contract can be enforced if you wish to make a claim at a later date. You should also have a signed hard copy of the contract in your possession before the work begins.
Donald Rushing Construction
The Donald Rushing Construction Company offers decades of experience as a leading local commercial contractor. To book a project consultation, call us today!