ARCHIVED BLOG POSTS
2015
12. Other Contractors Owner reserves the right to let separate contracts in connection with the Work or to do certain work by Owner's own forces as specified in Description of Work. The Contractor shall include in his work co-ordination with Owner's separate contractors or forces, and Owner shall...
03/20/2015
11. Compliance with Workers' Compensation and Other Laws The Contractor agrees to provide evidence of compliance by the Contractor's own company and any of the Contractor's subcontractors with all requirements for registration and payments due under the province's workers' compensation statute. T...
03/20/2015
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10. Insurance Prior to commencing the Work, the Contractor agrees to provide, maintain and pay for insurance during the time the Work is being performed, including commercial general liability in the minimum amount of $1,000,000 against claims for damages for personal injury or property damage by...
03/20/2015
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9. Warranty The Contractor shall correct, at its' own expense, any defects in the Work due to faulty materials and/or workmanship pursuant to this Contract for a period of ___ year(s) from the date of Full Completion. The Owner shall give the Contractor written notice of such defects within a rea...
03/20/2015
8. Standards of Work The Contractor agrees to supply all labour, materials and supervision to complete the Work in accordance with the Contract Documents. The Contractor agrees to undertake all Work diligently in a good and workmanlike manner, in accordance with good quality residential standards...
03/18/2015
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7. Utilities and Washroom Facilities The Contractor and the Owner agree that responsibility for the provision of utilities and facilities to meet work and worker requirements will be assumed in the following manner: Owner Contractor (a) Water _____ _____ (b) Electricity _____ _____ (c) Washroom _...
03/18/2015
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Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.69% 2 YEARS 2.94% 2.24% 3 YEARS 3.44% 2.44% 4 YEARS 3.94% 2.54% 5 YEARS 4.79% 2.74% 7 YEARS 6.04% 3.39% 10 YEARS 6.50% 3.84% Rates are subject to change without notice. OAC E&OE Prime Rate 2.85% 5 yr variable 2.20%
03/16/2015
6. Changes in Work The Owner may make changes by altering, adding to, or deducting from the Work, with the Contract and Contract Price being adjusted accordingly. Changes to the Work require a written Change Order Form, signed by both the Owner and the Contractor. a) Extras will be calculated in ...
03/16/2015
5. Payment Schedule The Owner will make payments to the Contractor, minus a ___% holdback as required by provincial construction lien legislation, as follows: Gross Payment Holdback Signing of Contract $________ $________ $________ Start-up of Work _____ _____ _____ Upon completion of ___________...
03/16/2015
4. Terms of Payment The Contract price is to be calculated as follows (select one): (a) Stipulated fixed cost basis (all inclusive) $__________________, plus HST Payments shall be due and payable as outlined in the Payment Schedule. (b) Cost plus ______________% of cost, plus GST/HST Payments s...
03/16/2015
Rainmaker
1,598,222
1,598,222
Brian Madigan
LL.B., Broker
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