Henson Concrete Construction is a two man operation out of Tallapoosa, Georgia. The company has been operating for more than 20 years and specializes in decorative concrete work. They can be found in both residential and commercial spaces. They are a proven money maker, generating over fifteen five hundred thousand dollars in revenue each year.
It's not surprising, then, that the company was involved recently in a legal squabble against an adjacent contractor. The weather was not the only issue between the two companies. They also disagreed over who was responsible on the project's small trinkets. Although Henson was ruled in favor of the company, it did have to cover the out of pocket costs. The company's bottom line suffered as a result. In reality, the project cost was more than half a million.
A recent study of the company revealed that it logged over fifty jobs in the past twelve months. These included a remarkable total of 31 scalable projects. While some of these projects are still in the early stages, others are not yet complete. There has not been a flurry of activity in this area since the recession, but that has not diminished the quality of the company's work. Based on the high quality of its subcontractors and its excellent reputation, the company has been able to secure a spot in top tier of small-to-mid size contractors.
One of the more notable incidents occurred in April of this year, when Henson fired a contractor. Davis Heating and Air offered to pay the former employee in return for their help in cleaning up and a discount on the next project.
FAQ
What happens if one of the parties doesn't accept their side?
Failure to keep your promises can result in the law permitting the other party to sue you and treat your promise as null. Damages are the amount owed, plus interest, court costs, legal fees.
Are there any additional things I need to consider?
Yes. Make sure to check your local laws about what type of projects you can do and what conditions you have to comply with. Some states require that you obtain council approval to build. Some states only require you to notify them about your plans. To find out their position on the matter, check with your local authorities.
What is a "service contract agreement"?
A Service Contract Agreement, or SCA, is an agreement between parties to offer services to one another. The SCA defines those services, how much time and effort should be spent on them, who pays for them and when they start. The SCA also describes what happens if either side violates its obligations.
What documents should I bring when I apply for building permission?
In addition to your SCA, you will need to provide proof that:
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There are plenty of parking spaces available.
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These routes can be used for access;
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All utilities are available; and
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All works conform to applicable planning regulations.
What is a Standard Contract Form (SCF)?
A standard contract template is one way to create contracts. These templates often include all of the necessary elements for a contract, such as the date, time and place.
It is possible to modify standard contracts forms to suit the needs of individual clients. For example, certain companies may offer their standard contracts forms.
These forms may not always be suitable for every situation. They can often be a time-saver and a great way to save money.
One of these contract forms might be a good option.
Are there any legal requirements to sign my service agreements?
No. To sign service agreements, you don't have to be a lawyer. You may wish to appoint one for a precautionary reason.
Legal representatives are individuals who act on behalf a person. If you are a contractor, it may be a good idea to appoint someone you trust to represent you.
This could include hiring a lawyer or accountant. Or it could simply mean appointing someone to look after your business interests.
In most cases, the client will appoint a legal representative. Sometimes, however a vendor will hire a legal representation.
Legal representation in any case means that you are legally protected.
Statistics
- Reasonable late fees go up to 25% per year on unpaid sums. (lawdepot.com)
- (v) Place or places of performance of the prime contract and first-tier subcontracts estimated at $10 million or more, if known. (acquisition.gov)
- (1) Except as provided in paragraphs (a)(4) and (a)(8) of this section, if the estimated amount of the contract or subcontract is $10 million or more, the contracting officer shall request clearance from the appropriate OFCCP regional office before- (acquisition.gov)
- Don't take their anger personally, they are mad about the situation 99% of the time. (activatemylicense.com)
- Depending on the client's trustworthiness and financial stability, a deposit is usually 10 to 50% of the total contract amount. (lawdepot.com)
External Links
How To
How Do I Start Negotiating The Terms Of My First Service Agreement?
Negotiating terms for the first service agreement can seem daunting.
But, it doesn't need to be difficult to negotiate terms for a new contract.
It all depends on how prepared and organized you are.
Before you start to negotiate, ensure you are familiar with the terms and conditions for your first service agreement.
You should, for example, know exactly what you will do to the customer.
Know what the customer is expecting from you.
Once you have a clear understanding of your expectations, you can prepare for negotiations.
You will be more prepared when you meet with the other person.