State of homeowners hiring contractors in 2017

Whether you are building a new home or doing some renovations, the quality of the project depends on the workforce and individual manpower. Most homeowners prefer part-time contractors to the full-time employees for obvious reasons.

Cost being the most critical aspects, contractors seems to be the best
servicemen with flexibility in service delivery. However, choosing the best independent contractors with flexible working hours to meet your changing needs can be a daunting experience.

In most cases, an independent contractor is basically a person whose legal protection can’t be waived. This means that you’re an employer with covered workers. This is not always the case in some States, and a better understanding of your requirements will exempt you from unexpected regulatory penalties and lawsuits.

Renovation Vs. New projects

Contractors basically work on any project you offer them. They decide on how and when they do the work and can employ other people to help them finish. Independent contractors
are also responsible for getting work done to the very standard in the agreed time frame. They basically own and take care of their own equipment and assets. If you’re starting a project; it’s therefore convenient and economical to consider hiring a contractor.

As far as renovation is concern, some homeowners have their home projects covered under the home insurance. This means the responsible company will provide their own contractors or full-time employees. The latter, as you may notice, provides a high-level of stability and engagement that can be hard to get from someone not
totally committed. Here, you get what you pay for and sometimes the cutting costs of hiring independent renovation contractors can lead to less productivity.

Before you think of hiring any contractor, first know the design you need for your project. Consult a designer or an architect then decide on the budget. Think about all the materials you want them used and even dig deep into the various alternatives available in the market. All these will help you to clearly describe the project you expect in the specification sheet for potential contractors.

Contract Clauses

This is a vital component that makes sure everything is documented and nothing important is left out. All the terms should be specified including the contact information, job description, payment terms and a set timeline. The timeline should clearly tell the time the project starts and ends, including the specific dates. The contractor in charge should give you the time estimate which will help in
determining the contractor’s quote.

The payment dates should also be tied to job completion. A down payment of 15-30% is reasonable as this will help the workers’ pay for their bills as they work on your project. The contractor should also be in a position to secure regulatory permits for the project. Another important specification to be made is the penalties in the case of missed deadlines. As an employer, give yourself the option to delay or deduct a given amount as a penalty for this.

Alternative option to hiring contractors

Full-time employees are some of the best alternatives to part-time contractors. The only challenge with employees is the increased cost. Also, if you are building a project at home, hiring a full-time employee doesn’t seem like a wise option. Full time-employees are quite common in large companies and business firms where
they offer a wide range of services for a long period of time.