Seven Things To Look For In Your Commercial RenovationContract

Often times the devil is in the details. This applies when undertaking a commercial renovation. It is critical that clients understand how their contracting agreement works. If you are planning on renovating your existing store or office, signing a written agreement with your commercial contractor in Toronto will help clarify the project for both parties.Make sure that your remodeling contract includes the following:

Renovation Contract Basics
1). A Thorough Explanation Of Your Renovation Project

The contract should identify the scope of the work;everything from what will be demolished to what will be constructed and the people responsible for each task. It must have all the work plans, materials, and products along with clearly listed associated costs.This should also set the expectations on what the commercial contractor in Brampton will and will not do.

2). Total Price And Payment Schedule For Your Renovation

The contract should state the total price of the renovation and also must specify how much has to be paid up front as well as the timing and amount of installment payments.

3). Time Schedule

The contract should mention when the project will start and give an approximate end date. This ensures that you both have an understanding of when work will commence and when it should be completed.

4). Written Approval For Changes In The Plan

Alterations to the initial plan may be worthwhile, but they should be clearly understood by both parties. All changes should only be done in writing. If you ever make a verbal agreement, follow up with an email to the commercial contractor in Brampton restating the details and your approval so that you have a written record.

5). Licensed, Bonded, Insured

The contract should have proof that they are alicensed, bonded and insured commercial contractor.This shows that the contractor has a degree of competence through training and can protect you from property damage or work site-related injuries.

6). Protection Against Liens

The contract must specify that you will be provided with a “lien waver” by the contractor for each installment. It is a document stating they have received payment and reject any future lien rights to the property.

7). Minimum One Year Warranty

Make sure your contract covers the warranty for materials and workmanship for a minimum of one year.

Review your remodeling contract carefully. Make sure all items you’ve requested are included before you sign.