Customers are not usually aware of what a good builder's agreement should include. This article has been written to provide you with an overview of the main points that ought to be covered in a agreement for a residential building project up to about £75,000 in cost.
1. Cost: in the agreement the builder should clearly state the cost of both individual works and the cost of the entire project. The builder should also separate the costing in the agreement to add the following: A. Cost of components: If you're going to provide the materials to the builder, he should still present you with the expense of any supplies coming from the building company, e.g. mortar, insulation material etc. B. Labour costs: the builder should state his labour costs in the contract. An excellent builder ought never to be reluctant to state his charges. C. Any miscellaneous costs: builders often forget to add miscellaneous costs which are consequently still left uncalculated for in the initial budget forecasts. These include costs such as for example congestion charge if the project is based in London and skip hire etc. 2. Payment method: the agreement should clearly state the payment structure for the project that you and the builder should both be happy with. This should include any deposit payment you will need to make before the project commences and the phases of completion of which the consequent payments will be made. Be sure you don't spend the entire amount to the builder before total work has been completed. 3. Specification of works: the agreement should describe the works which will be conducted in adequate detail to make sure that the task is completed to your fulfillment. You should remember to discuss the specific specification of the work with you builder and have this in writing so that there are no complications once the work commences. 4. Guarantees: all good builders in London provide guarantees for the work which they undertake. Make sure any guarantees are obviously mentioned in the contract and the right time frames for which they are valid. 5. Penalty clauses: many developers prefer to add penalty clauses into the contract to ensure that if there are unnecessary delays from the builders end, then the builder is liable for the extra costs incurred. 6. Contact details: the agreement should obviously state the name, address and contact details for both parties. The contract also needs to be signed on your own and the builder to ensure its validity. Visit https://buildingconstructor.co.uk/contact-us/ to know more about loft conversions 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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July 2019
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