How to Write a Contract: Construction Contract Basics
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- Опубліковано 5 жов 2024
- Whether you're a home builder, general contractor or a home owner, its important that you understand contracts.
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Thanks for watching!
Thank you for this video! Such valuable, straightforward information. Without trying to sell us anything. Much appreciated. Earned my sub.
Glad it was helpful! Let us know what types of content you like to see!
This is the best explanation I’ve found on something like this. Really appreciate the walk through step by step too. Thanks a million! :)
ua-cam.com/video/G1bueal8dxs/v-deo.html another great example
It was great hearing the contractors point of view so I can be fair when I negotiate with them
Thank you for your reply. We aim to educate contractors and homeowners.
Thank you so much for your very understandable video. As I'm not a native English speaker. I understood the information. You have a very clear pronunciation. Thanks a lot.
Glad it was helpful!
Fantastic video Scotti, super valuable advice on how to have a mutually beneficial contract in place.
Thanks for the video. I write pretty simple contracts and was told it could bite me in the butt eventually so I’ve been wanting more details and this was exactly what I’ve been looking for. I mainly build decks so pretty straightforward but there’s lots I can add 🍻
Thank for you comment. what was the biggest thing that helped you out from this video?
Really informative! Thank you Scotti for sharing this important information.
Thank you for this detailed go-through! Really helpful
What was your biggest take away from this? Is there anything else that I can help you define better?
nice one bro, i used this for my site managers course.
Thank you for all of the information!!!!!!!
You are welcome. I have been in construction for 30 years now and we are always developing our agreements. What was it that you liked most about the information I spoke about?
Thank you for the clear explanations. I am looking for a contract template, do you have any recommendations?
There are lots of standard templates out there, but it would be best to involve a lawyer to help put all the wording together. There are many types of lawyers out there, so it would be best to find a construction Lawyer who has spent time in court. This experience will help in the long run.
Great work man! Congrats... 🤝
Thank you. What is your line of work?
@@ogdencontractingltd Thanks for asking! I'm just studying the subject. I have worked with carpentry finish trim, kitchen and railing in the past, starting in 2002 till 2011, when I came back from the US. I´m a Brazilian. I'm thinking about learning more about the topic to work as a consultant, bid works and work more like a gc, finding good subcontractors that fit the work I can get. I'm really at the beginning. And I thank you very much for the attention and care that you gave with this part of the contract. Here in Brazil, I worked a lot with my father when I was a teenager and a bit far, between my 15 and 24 years, he is a lawyer and the contracts business, I have brought it with me my whole life. Now I'm an engineer, but I never left those good times abroad behind. Nice to meet you my friend! You and your family have a great weekend and life!
How do you differentiate between the contractors and owner’s responsibilities?
Thank you for this
You are welcome. What was most helpful?
When is the best time to write a contract? Before or after you meet with the homeowner?
This is a very good question. There are two parts to this. Your contracts need to be written before hand and then tailored specifically to scope of work and the client after you meet them. If you write a contract after you meet the customer this may take too long and you risk losing the job. Better to have a generic contract that you can show them, then fill in the blanks for specificity.
Hi great presentation I have one question as a sole trader does all of what you mention does it applies to me as a sole trader
What is it you are trading? Is it in construction?
Saying sole trader is confusing. I don’t think many of us know what you mean by sole trader.
Thank you for the detailed video. How much do you pay your lawyer to look over the contract?
Our lawyer helped write the original document. I think that cost around $1,500 CAD. And each time he looks it over he charges me an hour at $280. It’s cheap insurance.
When dealing with home renovations and the owners insurance is going to pay
Will one deal with the insurance or with the owner
Question, do you ever charge for a proposal?
Yes we do. We hope to film that video in the next 3 months. We have a great proposal agreement that gets us in the door with the owner and gets you paid upfront for estimating.
@@ogdencontractingltd that’s great to know. The day I found your channel was the day we received a decline from a client for our services. She basically stated she was not accustomed to doing business with contractors that charge a fee for proposal services. My response was, just because you’re not “accustomed too” doesn’t mean it’s not happening. It’s typical for industry professionals to price for the services they provide.
We didn’t even try to argue our point…🤝
Love such videos than seeing random cat ones
I hope the video was informative and helped you.
Awesome
Have you considered selling your contract templates
We have in the past, we are in the process of creating an online coaching platform that will have sources like this. Stay tuned for updates about that!
And i would like to know why we need consultation
Can you please elaborate? Is this a question or can I help clarify something?
But what program do you actually use to write the contract? MS Word? Something similar?
Yes we use MS word at the moment. We made a video answering your question and more if you would like a more detailed response!
@@ogdencontractingltd link the video!!
This guy is basically a pimp
I love it. I’m not sure if this is a compliment or not but let’s assume so. Thank you.