10 Things You’ll See in a DreamMaker Contract

Have you finally decided to invest in that basement renovation or kitchen remodel you’ve been planning for years? To make the most of your upgrade, it’s important to hire a reliable contractor that is licensed by the state and has good references. Next, the contractor should put all plans in writing in the form of a contract. Here are 10 things that should be included in this document.

1. Job Description

This outlines the scope of the project and who is responsible for what.

2. Start & Completion Dates

This section includes dates to give a timeline of how long the project should take. It outlines details about how and when the remodeling team can access your home.

3. Payment Terms

The contract should also indicate the mode and timing of payments. Most home remodeling contractors require at least 30% down, but this rule can vary from state to state.

4. Local Authorization

This specifies that the company you’re working with is responsible for securing necessary regulatory permits for your upgrade.

5. Penalties for Missed Completion Dates

Be sure to give yourself options to deduct or delay payments if the contractor fails to complete project milestones on time.

6. Procedure for Work Orders/Changes to Initial Agreement

This section outlines a process to follow for change orders or project additions. If your contractor routinely seeks changes, this is not a good sign. If you’re the one who initiates the changes, be prepared to amend the contract terms and payment schedules.

7. Detailed Outline of Costs & Materials

It’s important to include a list of materials and their descriptions, such as the brand and colors, as well as the labor and any other costs you will incur. Warranty plans should also be included in here.

8. Proof of License, Insurance & Bonding

Nothing is more important than hiring a contractor that is licensed, insured and bonded. These credentials will protect you in case anything goes wrong mid-project. It’s only fitting to include proof of these documents in your remodeling contract.

9. Termination Clause

This outlines reasons you or your contractor can end the job without penalty.

10. Other Protection

The contract should also offer a lien release, which protects you from liability should your remodeler fail to pay subcontractors who worked on your project.

Find a Dependable Remodeler for the Job

At DreamMaker Bath & Kitchen of Tyler, your 100% satisfaction and peace of mind is our #1 priority. Call us at (903) 253-0165 to start a conversation!

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