@thewellbuild · The Well Build
Saved 2026-05-15 · Posted 2025-07-21 · Status: New
One of the most important things you can do to protect yourself during a build is to have a solid contract with your builder.
Thank you @sabaj.attorney for teaching us these crucial clauses.
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Comments (15)
You forgot to mention that to enforce these terms you need solid complete and appropriate construction documents in the form of drawings broken down by trade and contract specifications that spell out the agreement terms as well as description of implementing everything you list. It’s not enough to ask for these terms. You have to document to make them work.
BS I been in business 35 years and would never agree to this, it will not happen! It not my house why should I carry the cost!
And the contract price just went up $50k to cover that 5% w/ interest. Plus a clause if payments not made on time will be 25% of balance . Contractors not banks . Change your mind … change order with plan changes from architect, engineer and city … so your project now will take 4 years
All good information. But clients will need to accept the timeline for the work. With all the added admin work that’s cost and the timing to have review for plans and contracts will add months. People assume this should take days. But something as simple as a change of room size will take up to 2 weeks with architect the possibility 2 weeks with municipal plan approval!
Does anyone else use Contract Simplified? I just downloaded it for my flight and it was a lifesaver. https://contractsimplified.com
BTW if you have the cash and no bank. If you get a quality builder.. as in hes been vetted.. that's your best bet.
1. Never get it 2. Never get it.3. Bank runs most of it. 4. Again, bank. 5. Bank inspects.
Ok home owner is now responsible for all material purchases. Can’t guarantee any products last 3 years especially if homeowners don’t maintain the house.
No residential builder will sign a contract like this. They have tons of work
👏👏mor details
Haha - clown.
You can have anything you can afford.
Long term retainage is nonsense or builders will just add that to their price.
Three critical things:
1. Binding arbitration for dispute resolution.
2. Partial Waiver of Lien from GC and all subs at time of payment.
3. Retainage held by client and paid in full upon completion of punchlist. No partial payments.
Sounding just like the Indian customer I said no to no offence intended but my goodness, cheapest nickel and diming but wants best results only a headache
Hire an architect. Use an AIA agreement
Good luck
No sane contractor would sign that deal. Good luck with those terms.