Owner builder contract template – Anytime you set out to hire a contractor or a subcontractor you’ll have to be sure you have a written contract in place. This document represents an agreement between both parties about what is expected and the compensation that will be paid when the job has been completed. It is a legally binding contract according to the law once it has been signed and should be very specific in nature so as to prevent any confusion or possibility of misinterpretation on either party’s behalf. To make sure that the contract you fill out is formatted correctly you can look through various contract arrangement samples to find one which best represents your requirement.
This form needs to be separated into several sections to make sure that all aspects of the contract are covered and there’s absolutely not any room for error. It should begin with a section that explains who is doing the hiring and who’s being hired. This section may also be used to describe in detail the job that the individual or company is being hired to do. It could also cover any components or materials that should be used and any technical equipment that will be needed. For example John Smith is hiring Fred Blogs to use his backhoe to dig a trench for utilities which is 3 feet wide by 6 feet deep and 200 yards long.
The next section of the contract agreement must cover compensation, meaning how much the person or business will be paid for the work they have been hired to do. This is followed by an assurance of services which is the contractor agreeing to offer the listed services for the agreed upon amount and that all information gained through the job will be held in the strictest confidence where deemed necessary by the employer. Finally the contract arrangement should include information that covers if the contract is to begin and when it to end.
For people who have never needed to complete this sort of contract you can look online where you will find a lot of different sample contract arrangements that cover every imaginable type of job. You’ll almost certainly find several that relate directly to the job you have in mind and should make certain that the one you select is lawful in the state where you are headquartered. Because this is a legally binding contract it’s your job to be sure that you cover all of the bases and leave no room for the independent contractor you hire to create a problem at any stage during the duration of the contract. Check it out the sample of owner builder contract template below at the attachment page.