” Why do need a formal contract? Because it’s the first step in determining whether your contractor is legitimate and professional, even before one nail has been hammered.”
” Drafting a contract is the start of your relationship with a contractor. In working out the contract details, it will really show you whether this person is someone you can work with over the course of the project. If the contractor is difficult to deal with at this stage, just imagine what it will be like when he/she has your money.”
”Having your lawyer review a legal document before you sign it is always in your best interest. In the overall cost of a contract worth tens of thousands of dollars, spending a few hundred more to have a lawyer take a look is money well spent. An attorney will examine the fine print and advise you if he thinks important info is missing.”
”A contract will also give you key information about the contractor. You can use this info to find out more about his business and potentially save yourself from a future world of pain. For one thing, a proper contractor will provide a clause showing proof of insurance. Without this, if a contractor is working on your home and, say, accidentally falls off your roof, he will be covered by his own insurance”
” The other piece of information that must be on a contract is the contractor’s business number; then you can simply call the government and ask whether this is a real number. We come across bogus numbers all the time, even on professional-looking contracts, and this is a great way for homeowners to tell whether they’re dealing with a real company.”
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