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Payments Articles

How to Avoid Contract Payments Disputes

A lot of disputes between homeowners and contractors arise because of vague conditions and loopholes in the contract. Some terms are so vaguely worded that contractors may a lot of money in advance. As a homeowner, this should never be done unless you are assured that the contractor has the highest degree of professionalism.

Avoid Unnecessary Payments Caused By Allowances

In a home construction project, homeowners must be familiar about the idea of allowances. Allowances are unidentified payments for services or products necessary in a home building project. The actual amounts of such payments are yet to be determined.

Tips on Making Payments and Avoiding Liens

Different states impose different laws on liens. In most cases, workmen and businesses are given the right to file a lien against real estate properties. Liens against a real estate imply that a homeowner has unsettled payments that have to be cleared. When liens are filed against a homeowner, payment for the project is in effect doubled.

Guidelines On Payments And Dealing With Contractors

1. Require your contractors to provide you with itemized bids. Know who will specifically work on your project - they may either be workers or subcontractors. Also, you must have a complete list of material suppliers.

Payment to Contractors: How to Avoid Problems

Numerous articles would tell you to call the Better Business Bureau to check on the contractor's reputation. Only a few people actually do this, and even if you do, there is still no assurance that you would end up with a good contractor. It takes a lot more than checking references to get an honest person to work for you. Be prepared to exert more effort since this would save you from stressful situations later on.

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