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Completion of the Repairs and Contractors Actions - Essay Example

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Summary
The paper "Completion of the Repairs and Contractors Actions" states that upon signing the contract, the customer is required to pay a deposit of $250. This is refundable only if the contractor does not complete the stipulated repairs within the agreed time frame…
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Completion of the Repairs and Contractors Actions
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Extract of sample "Completion of the Repairs and Contractors Actions"

If the customer is not satisfied with the work performed, they must so advise the contractor in writing within 14 days of receipt of the repair invoice, stipulating what they consider to be deficient. Failure to so advise the contractor will be considered as full satisfaction by the customer. On receipt of the customers’ notice of dissatisfaction, the contractor will first attempt to resolve any outstanding issues directly with the customer. If this does not resolve the customers’ complaints, the matter will be referred to the State of Washington Contractors’ Association for mediation. Only if this does not resolve the matter are the parties free to litigate their differences. Unless otherwise agreed to by the contractor, the remaining $750 must be paid within 30 days of the customer’s acceptance of the work.

At the option of the customer and acceptance by the contractor, the customer may defer part of the payment as follows;
1) in addition to the $250 deposit, $250 must be paid within 30 days of completion of the work and provision of a detailed invoice.

2) The remaining $500 still owing must then be paid in 5 consecutive monthly installments, with the first one due within 60 days of work completion and receipt of a final invoice. These deferred payments are subject to a 10% interest charge payable with the first installment. Therefore the deferred payments will be $100 each, with the exception of the first one which will be $150. The deferred payments including interest will be $550 and under this plan, the total cost of the contract will be $1050. If this option is accepted by the contractor, this will be confirmed by an amendment to the contract signed by both parties. Read More
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