.... Is there some part of your contract that has not been fulfilled?
.... Is the money being held in trust by a third party (lawyer)
generally speaking, it's usually the party that requested and is paying for the task that with holds monies when the contractee doesn't fufill the expectation of the contract.
You need to define the parameters of you situation
Accidents happen. When something goes wrong, people want someone to pay for their loss. You can either pay using YOUR money or can use the insurance company 's money. This is why insurance is important to a contractor.
No. The money on hold is not available to you for any reason until the hold is released.
Yes, you can hold payment from a contractor under certain circumstances, such as if the contractor fails to meet project milestones, delivers subpar work, or breaches contract terms. However, it's essential to communicate your concerns clearly and in writing, referencing the specific contract clauses that justify withholding payment. Always consult legal advice before taking such action to ensure compliance with applicable laws and to avoid potential disputes.
Was this a total loss? The money should go to the contractor unless you have already paid him out of pocket then the money would go to you...re-imburse you only what it cost to rebuild home and only what you paid the contractor. The mortgage company pays the contractors directly to be sure that they are paid in full and not mechanics liens are on the property. Provide proof of paid in full acknowledged by the contractor and the company will then release the check to you.
10,500
$440,000 a year
If he can't he shouldn't be a general contractor
If the contractor has already finished the work you can not legally hold back his money. What on earth would you be holding it for anyway? Most states in the U.S do not require a contractor to be insured so you would have no legal grounds and are subject to suit by the contractor. If your upset that he didn't have insurance, You were supposed to check that before you hired the contractor in the first place. Holding the contractors money after the job is completed just looks like your trying to cheat the contractor out of his pay. If the contractor wants to, he can sue you and or place a lien on your house if you fail to pay.
Anyone who does work for a general contractor and is not a direct employee of that contractor is a sub-contractor. Regardless of who sets the price. The subcontractors work within the contract set between the general contractor and homeowner. Hence sub-contractor.
General Contractor Lic.
So they can work as a general contractor and not have to work for someone else.
Hiring a landscape contractor is a waste of money.
An insured contractor is a contractor who carries a Commercial General Liability Insurance Policy.
Although the contract may prohibit withholding funds from another project, in reality, this action might be taken to put short-term pressure on the contractor.
That means he is an unlicensed general contractor. He has not set up a bond or registered with the state licensing board. Complaints in your state would not be readily available.
a general contractor is who is license with a general building license (b) and is permitted to take jobs in whole a contractor or specialty contractor are the contractor that specialized in one trade only and are permitted to take only special trades on the job for example an electrical contractor can only take electrical job
general contractors differ in that they are familiar with all aspects of the building process, from vacant land all the way through the processes to complete a home, office building and so forth. a contractor will and can be hired BY a general contractor to accomplish a certain aspect of the process of construction. general contractors can roughly be compared to a general practitioner. a contractor, to a doctor who only specializes in one area of practice