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Does the contractor carry insurance and is the coverage
adequate?
This is the second most important question you can ask.
All contractors should provide you with a certificate of
insurance for comprehensive liability, and worker’s
compensation insurance. Be aware that Owners are sued
for injuries on their property. Most owners insurance
policies exclude outside contractors, so it is
critical to make sure there is proper and adequate
coverage.
How long has the contractor been in business?
Needless to say, the more experienced the better. Under
five years is often a tell-tale sign of an unstable
business. Most contracting businesses(90%) will fail
within the first five years. Examine new business with
extra care before awarding the project.
Is the company a licensed contractor?, Is the contractor a member of
a trade association and in good standing?
Automatically reject any contractor who is not licensed. However, do
not be fooled by a contractor with a license. Generally, the license
requirements are minimal and the law is generally poorly enforced. A
better test is to question the contractor’s commitment to his trade.
Is he member of any trade organizations.
Your home is your biggest investment, why gamble with hiring and
unqualified contractor. For more tip on how to choose a contractor
check out our links page or call or email us for free booklet
“How to make a successful construction investment”
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