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Video instructions and help with filling out and completing Construction subcontractor agreement PDF
Instructions and Help about Construction subcontractor agreement PDF
This video will discuss the basic essentials of an owner contractor agreement there are basically three types of agreements we have contractor proposals we have short form agreements and we have standard form agreements the contractor proposal is prepared by the contractor and it's to be used when the project is relatively small and relatively inexpensive so if you have a project that is simple in nature and let's say under $50,000 and the contractor is going to be performing basically one service he's going to be installing plumbing or he's going to be doing masonry work or he's a drywall er that's going to be framing a room and doing the drywall that type of situation a contractor proposal might be appropriate you have to remember that a contractor proposal being prepared by the contractor is going to be heavily biased in favor of the contractor in that you the owner so you want to only you know limit the use of that type of agreement form the proposal for these small projects if the project is under a million dollars but it's more complicated than just the very simple project you'd probably want to consider using a short form agreement that is prepared initially by one of the professional associations that that concentrates on doing that type of thing the American Institute of Architects prepares a number of short form agreements the association of licensed architects has has its series of agreements as well as the association of general contractors they have agreements and there are several other organizations that prepare agreements that you could choose from the benefit of these agreements is that there more neutral in nature they don't favor the contractor over the owner or the owner over the contractor they try to create an a mutually beneficial agreement that's fair and yet describes in greater detail what it is that the contractor will be building and what the owner will be paying for for larger contracts contracts that exceed a million dollars in cost and contracts that are you know situations where the the project you're describing is going to be very complex I think it would behoove you to use a standard form of agreement prepared by by either of the Association of licensed architects or the American Institute of Architects or even the Association of general contractors those agreements have great specificity within them and they describe in greater detail that the work that has to be done and the duties and obligations of the parties to that agreement the owner has certain duties and obligations that are described in detail there as well as the contractors duties and obligations the more specific the agreement is the greater the likelihood that the two parties will reach agreement in in in there you know the meetings of the minds will occur and both parties will understand what the other party wants it reduces the chances of disputes and it promotes harmony with.