Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

443
Posts
150
Votes
Karin Crompton
  • Rehabber
  • Niantic, CT
150
Votes |
443
Posts

Template for scope of work and independent contractor agreement paperwork

Karin Crompton
  • Rehabber
  • Niantic, CT
Posted

Hi - I have a couple of templates but am not in love with any of them. Are there any samples here on BP or can someone point me in the right direction?

I'm looking for a good scope of work template that helps detail the work to be performed so there is little to nothing left out; and one that would detail the costs as well, plus, perhaps, milestones.

I'm finding that contractors will quote for an entire job, which is of course better than trying to give me an hourly rate ... but at the same time, how do I know what they're charging for different aspects? Ex: I'm embarking on a rehab that includes new windows, sheetrocking, painting, refinishing hardwoods, etc. I need to spell out milestones so we're clear on when the payments are coming, and I'd also like to know what each aspect costs me. If we have an unexpected expense, ideally I'd love to be able to point to another area of the rehab and tell the contractor to ditch that work b/c of this other cost that arose.

Second - maybe this would be included in the scope of work, but I'd also like to have the contractor sign paperwork that spells out that he/she is an independent contractor.

Thanks!

Most Popular Reply

User Stats

13,452
Posts
8,350
Votes
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,350
Votes |
13,452
Posts
Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied
Originally posted by @J Scott:

In my experience (at least how I use it), "substantial completion" generally means that everything is done, but it reserves the right of the client (you) to ask for additional fixes or repairs should you find out that something was missed, something was done incorrectly, etc. I'll generally make my final payment when the contractor finishes the job, and then have my project manager go through a full inspection check-list at the end of the project. I may ask the contractor to come back at that point if we find something wrong, but I won't make them wait until that point to get their final check.

...

I think there is a significant piece missing to the "definition" of "substantial completion" as given in this quote. What's missing: permits must be closed, and all building code inspections must first pass of course. If a code official believes more work is needed to pass, that IS substantial IMO ...

Loading replies...