A property contract review is a binding agreement between the contractor and the owner. Basically, it is a document that includes all the information about the project, including the details that the roofer provided during the appraisal phase. The document protects the interests of the owner of the building in terms of workmanship, quality of materials used, labor cost and estimated time frame for the project, as well as any applicable guarantees, among other things. This is why it is so important to carefully review this document before signing it to ensure that all agreed terms that have been discussed have been included.
Information to check
One of the mistakes made in a construction project is that it often focuses on the total cost of the project without considering how the contractor will actually use the money. While the low cost of the project can certainly help get the job done, it is possible that the material used is of poor quality and will fail earlier, or the completion date is not within a reasonable time frame.
To avoid these problems, here are some things to include in a property contract review to signing and committing:
- Quality of materials – ask about the quality of the materials that will be used, as this has a huge impact on the durability and overall quality of the entire structure. Some contractors make most of their profits by using base materials, which are types of materials that are thinner and of lower quality than standard materials and have a shorter lifespan.
- Cost breakdown – ask for accounting to make sure everything is in a reasonable price range. Make sure the amount of media used is the same as the size of the area to be replaced. Some contractors often make the mistake of providing quotes without measuring the actual roof. T
- Labor costs: If the supply is relatively low, determine how much of the actual cost goes to labor. While the contractor deserves adequate compensation for well-trained workers, high labor costs with a low total supply usually means that lower quality material will be used. Therefore, it is important to ensure a good balance between labor and material costs.
- Project Timing – This type of work is very time sensitive as it must be completed in the shortest possible time to avoid any damage to the main living area. Make sure that a reasonable time frame is stated and clearly stated in the contract.
- Warranty: A finished roof does not always mean tightness. Heat can cause movement of components, which can lead to gaps and leaks. Therefore, it is important to ensure that the contractor gives a guarantee of their work on the project for a certain period of time. The short-term warranty should not have additional costs; an extended warranty may have a small cost.