What Optional Provisions Should be in a Residential Remodel Contract?
In addition to the mandatory Residential Construction Contract Notices and provisions, a Contractor should consider including the following types of provisions in its Contract to protect and limit its liability to a Homeowner.
Who’s Responsible for Obtaining and Paying for Permits
Change Order and Contract Modifications Provision
Express Warranty in Exchange for Release of liability Provision
Reduction of the Statute of Limitations Provision
Material Cost Escalation Provision
Termination for Convenience Provision
Limitation of Liability Provision
Recovery of Contractor Attorneys’ Fees, Expert Fees and Costs Provision
Waiver of Right to Withhold Statutory Retainage (“Reserved Funds)
