Klondike Contracting » cost plus http://www.klondikecontracting.com One of Vancouver's leading construction companies since 1998. Fri, 23 Dec 2011 01:29:06 +0000 en hourly 1 http://wordpress.org/?v= What to look for in your Renovation Contract http://www.klondikecontracting.com/what-to-look-for-in-your-renovation-contract/ http://www.klondikecontracting.com/what-to-look-for-in-your-renovation-contract/#comments Mon, 27 Jul 2009 14:42:06 +0000 Sabrina Dalen http://www.klondikecontracting.com/?p=1180 Read More]]> One of the reasons for disputes over renovation work is the lack of a contract.  To avoid this, make sure you have a contract agreement that clearly defines the scope of work and the cost of the work.  Before signing your contract, go through it thoroughly and make sure you understand everything.  According to CMHC, your renovation contract should include:

  • correct & complete address of the property where work will be done
  • your name & address
  • the renovator’s name, address & telephone number
  • a detailed description of the project, plus sketches & a list of materials to be used
  • the type of work that will be subcontracted
  • the right to retain a construction lien holdback as specified under provincial law
  • a clause stating that work will conform to the requirements of all applicable codes
  • start & completion dates
  • an agreement stating whether it is the homeowner or the renovator who is responsible for obtaining all necessary permits, licenses, and certificates
  • the requirement that the renovator be responsible for removing all debris as soon as construction is completed
  • a statement of all warranties, explaining exactly what is covered and for how long
  • a statement of the renovator’s public liability and property damage insurance
  • price & terms of payment
Regardless of how well your project has been planned, changes will be necessary.  Make sure changes are made through a written change order detailing scope and cost changes.  For more information on contracts watch our video blog on Cost Plus Vs. Stipulated Price Contracts.  For samples & explanations of available contracts visit http://www.ccdc.org/documents/index.html
]]> http://www.klondikecontracting.com/what-to-look-for-in-your-renovation-contract/feed/ 0 Cost Plus vs. Stipulated Price Contracts http://www.klondikecontracting.com/cost-plus-vs-stipulated-price-contracts/ http://www.klondikecontracting.com/cost-plus-vs-stipulated-price-contracts/#comments Wed, 17 Jun 2009 23:35:29 +0000 Eric Schapira http://www.klondikecontracting.com/?p=1052 [youtube:http://www.youtube.com/watch?v=afV7gFiQ72A]

For more information please visit www.ccdc.org.

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