How do I decide whether to build or buy an existing house?
What should I look for in a custom builder?
Is cost per square foot a good way to compare and choose a builder?
What are some of the issues that are discussed during the design phase?
What's the process of building a home?

What should a contract with my builder include?

What should a contract with my builder include?

Once you've agreed on a bid with a contractor, you should get it in writing, and you should make sure the contract includes the following information.

Total amount of the contract and a completed schedule for payment.

Exact description of all work to be performed, including as many details as possible. The more details you get, the better the contract you have.

Liability insurance information on the prime contractor and workers compensation coverage on his employees and any subcontractors.

Contractor's specific warranty on workmanship, including a mutually agreeable pre-arranged process to follow for follow-up service if required.

Clean-up provisions, especially if a good deal of debris will be generated.

A statement of who is responsible for getting required building permits.

A time table with starting date and expected completion date.

What kinds of warranties does a builder offer?