Mitigating Risk When Working with a Contractor

Than Merrill’s excellent article “The Independent Contractor Agreement & Every Document You’ll Need To Work With A Contractor” recommends six critical documents to help reduce your exposure to risk.

  • Independent Contractor Agreement
  • Final Scope Of Work
  • Payment Schedule
  • Insurance Indemnification Agreement
  • W-9
  • Final & Unconditional Lien Waiver

Following these recommendations should facilitate a smooth process, and help you maintain a good relationship with your contractor.

When you choose Lead Funding as your lender, you will work with a staff that has decades of experience in all areas of real estate, including valuation, budgeting, scope of work, and project execution.

To read the full article and see a description of the contracts, click here.