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How long does a contractor legally have to complete a job if no time limit is in contract?
If no time limit is specified in a contract, a contractor is generally required to complete the job within a "reasonable" time frame. What constitutes a reasonable time can vary based on the nature of the work, industry standards, and any relevant local laws. If disputes arise, they may be settled by considering these factors or through legal action if necessary. It's advisable to consult legal counsel for specific cases.
What else can I help you with?
What is a Fixed Price Incentive contract?
A Fixed Price Incentive contract is a type of agreement where the contractor is paid a fixed price for the project, but can earn additional incentives based on their performance, such as cost savings or meeting specific milestones. This contract structure encourages efficiency and innovation, as the contractor has a financial motivation to complete the project under budget or ahead of schedule. The contract typically includes a ceiling price, ensuring that costs do not exceed a predetermined limit. This approach balances risk between the buyer and contractor while promoting collaboration.
Is there a time limit to sue a home improvement contractor?
No, however many contracts contain a provision outlining a time limit, such as stating, "neither party may sue after two years from the completion of this contract." Check your contract.
What is cash credit limit and bank guarantee limit in contract documents for construction works by contractor?
for the purpose of business working capital bank sanction against property and stock+debtors-credit = cash credit
WHERE you CAN Find the number for the policy insurance for general contractor?
A typical construction contract will require the General Contractor to provide the owner with a Certificate of Insurance. You should be able to find the policy number(s) on the Certificate along with the name of the insurer and limit of coverage provided. Hope this helps.
What is the purpose of performance bond?
a bond issued by a surety company which guarantees the client that if the contractor fails to complete the project in accordance with the terms of the construction agreement, the surety company will either complete the contract itself, or arrange for a client-approved contractor to complete the contract. The surety company will pay the new contractor the amount required to finish the work, minus the unpaid amount under the original contract. However, the surety company is not obligated to pay more than the penal sum or limit of liability stated in the bond.
Surety bonding limit types?
There are primarily two types of surety bonding limits: single limit and aggregate limit. A single limit refers to the maximum amount the surety company will pay for a single claim or project, whereas an aggregate limit is the total amount the surety company will pay for all claims or projects during a specified period. It's important to understand these limits when securing surety bonds for your projects.
How long can you be legally separated?
There is no time limit. However, you are legally married until you obtain a legal divorce.
What are the exclusion clause?
A term included in a contract that seeks to limit the liability of a party under the contract
What is the age limit for entering a contract in Germany?
200
How fast can you legally drive in the fast lane?
The speed limit in the fast lane is the same as the speed limit for the rest of the road, which varies depending on the location. It is important to always follow the posted speed limit to drive legally and safely.
What contractures in California can do outdoor kitchen construction?
Any contractor who is a licensed contractor with the right type of license should be able to handle this for you. A general contractor would be my first choice, but a specialty contractor that has a limit high enough to accommodate the job's pricing would also be a great choice.
What age can you get a MySpace?
Legally, the lower age limit was 13.
