Business Financial Statement

Contract for Independent Contractor work

An Independent Contractor Agreement is a written contract between two parties for a specific service or project. One person or company is hiring another to help on a short term task. Unlike an employment agreement, this document clearly spells out why the party being hired is not an employee for legal and tax purposes.

Three Common Construction Contracts

– FIXED PRICE. Fixed price construction contracts, also commonly referred to as “lump sum” or “stipulated sum” contracts, are the most common types of construction contracts. …
– COST PLUS. …
– GUARANTEED MAXIMUM PRICE.

In some cases, A general contractor is also the builder on your project and will use his own team and subcontractors for both construction and the mechanical work. … In metropolitan areas, this work is more commonly divided out between a general contractor who oversees the whole project and keeps a builder on task.