Customers are not usually aware of what a good builder's agreement should include. This article has been written to supply you with an outline of the main points which should be covered in a agreement for a residential building project up to about £75,000 in cost.
1. Cost: in the contract the builder should clearly state the price of both individual functions and the cost of the whole project. The builder should also independent the costing in the contract to add the following: A. Cost of components: If you are going to provide the materials to the builder, he should still offer you the expense of any supplies coming from the building organization, e.g. mortar, insulation material etc. B. Labour costs: the builder should state his labour costs in the contract. An excellent builder ought not to be reluctant to convey his charges. C. Any miscellaneous costs: builders often forget to add miscellaneous costs which are therefore left uncalculated for in the original budget forecasts. Included in these are costs such as congestion charge if the task is based in London and skip hire etc. 2. Payment method: the contract should clearly state the payment structure for the project that you and the builder should both enjoy a. This should include any deposit payment you will have to make before the project commences and the levels of completion at which the consequent payments will be made. Be sure you don't pay the entire amount to the builder until the total work has been completed. 3. Specification of functions: the agreement should describe the works which is conducted in enough detail to make sure that the task is completed to your satisfaction. You should remember to discuss the specific specification of the task with you builder and have this in writing so that there are no problems once the work commences. 4. Guarantees: all great builders in London provide guarantees for the task which they undertake. Make sure any guarantees are clearly mentioned in the contract and the time frames for which they are valid. 5. Penalty clauses: many developers like to add penalty clauses into the contract to make sure that if there are unneeded delays from the builders end, the builder is liable for the extra costs incurred then. 6. Contact details: the contract should clearly state the name, address and contact information for both parties. The contract also needs to be signed by yourself and the builder to ensure its validity. Visit buildingconstructor.co.uk to know more about construction companies london The Building Constructor Office 7, 186 Greenford Avenue Hanwell , London , W7 3QT United Kingdom Phone no: +442033898065 Company Blog: https://buildingconstructor.co.uk/blog/ Twitter: https://twitter.com/TheBuildingCon1 Facebook: https://www.facebook.com/THEBUILDINGCONSTRUCTOR/
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