Construction projects can involve a great deal of time, money and labor. A single mistake can end up costing you considerably more than you bargained for. Regardless of whether it is something minor like adding a patio to your house or a slightly bigger endeavor like a three-room expansion, if you are starting or thinking about starting a construction project, there are considerations you need to take into account as you pick out a private and commercial construction work St Helena CA company.
1. The Payment
As obvious as this may seem, you need to clearly and concisely lay out the terms of payment beforehand. This includes the total contract price and when payments will be made, as well as criteria for determining when work is satisfactory enough for them to be made.
2. The Amount of Time the Project Will Take
You need a set timeline with specific goals for each stage. This alerts the construction company to expectations so they can plan their work accordingly, keeps you satisfied with the rate at which tasks are completed and gives you an outline for making payments since they should mirror the guideposts.
3. The Contract
This is one of the most important parts of any construction project and may save you legal hassle. It is in this document that you need to set out payment details, timelines and expectations. There are different types of contracts. For example, lump-sum contracts are based on setting a single total price for the entire project. Time and materials contracts include the reimbursement of materials costs and hourly or daily rates the contractors are paid. Other kinds of contracts include cost-plus, guaranteed maximum price and unit price.
It is imperative not to jump into a construction project before ironing out all the details and settling on a solid contract. By doing these things before the project, you avoid problems associated with unclear expectations or ambiguous agreements.