Insights into Copyrights Deciding to Build or Remodel Tips on Choosing the House Design for You
Choosing the Right Neighborhood Why Have House Plans Drawn? Helping with Specifications
Typical Building Contracts When Construction is Complete Warning Signs of a Bad Contractor
A Good Contract Should Include: Related Terms
• Bid: An offer from a contractor to build your project for a fixed price, based on the cost he estimates from your drawings & specifications.
• Building Permit: Written permission from the local building department for a contractor to begin a construction project. (Homeowners should only apply for a building permit if they are going to do the work.)
• Change Order: A written agreement between the contractor and the customer to make a change or addition to the work described in the original contract. (This agreement should always include the cost of the change or addition.)
• Cost Plus Contract: A contract to do a job for the cost of materials and labor plus a fixed percent for overhead and profit.
• Draw Payments: A payment scheduled to the contractor based on the progress of the project.