Henson Concrete Construction is a Georgia-based, two-man business based in Tallapoosa. Since its inception, the company has been performing decorative concrete work in residential, commercial, and industrial areas for more than twenty years. They are a proven money-maker with more than 155,000 000 dollars in revenue every year.
It is not surprising then that the company was recently involved in a legal squabble with an adjacent contractor. Not only did the two companies disagree on the weather, they disagreed on who was responsible for the project's many small trinkets. While the court ruled in Henson's favor, the company did incur the costs associated with out of pocket expenses. As a result, Henson's company took a huge hit to its bottom line. The cost of the project was actually more than the budget by half a billion dollars.
Recent company data revealed that the company had logged more than fifty jobs over the past 12 months. It also had a remarkable record of 31 scalable initiatives. 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.
Henson fired a contractor in April this year. This was one of the most notable events. Davis Heating and Air, on the other hand, agreed to pay Henson's former employee in exchange for cleaning up the mess and a discount.
FAQ
What's the purpose for the service agreement?
The purpose of a Service Agreement is to define the terms under which a customer agrees to purchase goods from you. It also describes how you will offer those services to them as payment.
The most common type of such document is the Sales Order Form. You will need to state the products and prices that are being purchased by your customer. You can also list any other items such as delivery charges, VAT or insurance. Finally, you specify when the order should be delivered and paid for.
You can use different documents depending on the nature or transaction.
If you are offering a service instead of selling products, an invoice might be appropriate.
If you are buying something from another person, you would likely use a Purchase Order Form.
It is important to include all required information when drafting a sale order form.
Remember that the buyer will appreciate a more detailed sales order form.
Can I cancel or terminate my contract at any time?
Yes - but this must be done within 14 days of signing your contract. You may usually cancel your contract by writing notice at least seven working days prior to the date in your contract. You may still owe money to the contractor if you fail to give sufficient notice.
Who pays for the service?
Your SCA will indicate who is responsible in paying for the service. The service provider may be entitled to compensation if it isn't paid in full.
Where can I find more information about building permits?
You can contact your local government authority, such as the NSW Local Government Association, or your local realty agent. They will be able to tell you what steps you should take to obtain building permits.
What are the payment terms for the service/contractor I am required to pay?
The service you are receiving will dictate the payment schedule. For example, if you hire a contractor to install a new roof, you would typically make payments as soon as the work was completed. You might pay only after you receive and test the product if it is a product purchased from a supplier like a kitchen range cooker.
What does my SCA include?
The scope of the work will be specified by your SCA, which will include how long it will take, what materials will be used, what equipment will be needed, and whether special permits will be required.
Is there an upper limit on how much I can spend?
No. Your SCA will set a maximum cost for the project. You might be able to negotiate lower prices with the contractor.
Statistics
- (d) Contractor disputes related to compliance with its obligation shall be handled according to the rules, regulations, and relevant orders of the Secretary of Labor (see 41 CFR60-1.1). (acquisition.gov)
- (v) Place or places of performance of the prime contract and first-tier subcontracts estimated at $10 million or more, if known. (acquisition.gov)
- Reasonable late fees go up to 25% per year on unpaid sums. (lawdepot.com)
- (1) Ascertain the extent to that offers are based on the payment of overtime and shift premiums; and (2) Negotiate contract prices or estimated costs without these premiums or obtain the requirement from other sources. (acquisition.gov)
- (3) The contracting officer may provide for a contract price adjustment based solely on a percentage rate determined by the contracting officer using a published economic indicator incorporated into the solicitation and resulting contract. (acquisition.gov)
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How To
How do you draft a simple contract of service?
A contract should be written in plain English using short sentences and paragraphs. It should include all relevant information, including what the customer gets for his/her money. At the end, the price should be clearly stated.
Language used should be simple to understand for anyone who is reading it. It should not contain legal jargon.
Because they can be hard to read, you should avoid complex words like "and" and "or". You should also avoid technical terms unless they are essential.
Make it easy to understand the text by using bullet points as often as possible.
Do not include too much information in the contract.
Do not make promises or give guarantees about the performance and quality of the service.
Also, clearly indicate when the service begins and ends.
It is important that the contract includes all details about payment.
If the customer is not liable for paying the invoice, you should receive full payment from him/her before starting work.This way, you will not risk losing money due to late payments.
Keep copies and other documents relating to contracts. These documents must be securely stored.
Do not sign anything until you have carefully reviewed it.Do not sign blank forms.Do not sign anything without checking it first.
You should always ask permission from the customer before adding something to your contract.
Always remember to keep a copy of the contract for future reference.