Understanding Your Contract When Hiring a Company for Basement Renovations

1

• Understanding Your Contract When Hiring a Company
  for Basement Renovations
• Before you decide to hire a contract for home or
  basement renovations, you should always inquire
  about what services you are going to get. It is
  important to ensure that you get everything in
  writing and check your contract carefully before
  signing the dotted line. Here is what you need to
  know about your contract
• Before you even get the contract, you will first
  receive an estimate. An estimate basically
  provides you with some information regarding your
  project. However, you may also receive a proposal
  at this stage, which is usually a tentative
  agreement for your basement renovation project.
  It usually provides you with options you can
  choose from while having your basement renovated.
  It may offer details about different brands of
  products required for basement renovations.
  Sometimes, you also find different provisions in
  your proposal it may include financing options
  as well.
• You will get different contracts depending on how
  experienced and reputable the contractor is.
  Reputable companies usually have longer, more
  detailed contracts. Some of these contracts may
  also include information about estimated duration
  of the project and the cost of your project.
• Check the cost carefully and ensure that they
  have mentioned everything clearly. In fact, it is
  also important to ensure that they have included
  permit costs in the contract as well. Here, it is
  a good idea to ask a contractor if they are
  familiar with your local codes and ordinances. If
  they have not mentioned anything about permit
  cost in the contract, it may be because they do
  not know anything about building regulations. Ask
  the clearly and if they do not offer clear
  information, you may want to turn to a different
  contractor.
• A contract can include so many items, but it is
  important to take your time to study it well. Do
  not make a hasty decision here, no matter how
  lengthy the contract is. Even if it is a lengthy
  contract, failing to read and understand it in
  its entirety can lead to all sorts of problems.
  Contract disagreement can lead to
  misunderstandings and keep you from taking full
  advantage of the service offered by an
  experienced contractor.
• Pay attention to start and stop dates as well. A
  contract or proposal should talk clearly about
  the duration of your project. Keep in mind that
  sometimes it is not possible to determine an
  exact start and stop date, but you should still
  get some details regarding scheduling. Even when
  a contractor is reluctant to offer an exact start
  and stop date, you should insist on including a
  "no-later-than" clause

2
in your contract. This ensures that you will
certainly have your project finish by a set
date. The fact of the matter is that different
contractors may offer a different contract
depending on your unique needs and requirements
for basement renovations, but you need to compare
what you get from different contractors and then
decide depending on your budget and the track
record of the contractor you are going to
select. Article Source http//www.publishingmedia
.org.uk/understanding-your-contract-when-hiring-a-
company-for-basement-renovations/