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Making A Contract Several Months Out

 
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Old 09-11-2020, 03:28 PM   #1
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Making A Contract Several Months Out


This might be an odd question but I'm getting booked up through the year and I'm wondering if it's out of the ordinary to send a contract now that has an unknown start date that's so far away. I normally would send it a few weeks ahead of the start date so I don't loose them or they think I've forgotten them, but it seems strange to ask them to sign something in September for starting in November or so. Am I overthinking this?
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Old 09-11-2020, 07:11 PM   #2
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Re: Making A Contract Several Months Out


Quote:
Originally Posted by jwatts View Post
This might be an odd question but I'm getting booked up through the year and I'm wondering if it's out of the ordinary to send a contract now that has an unknown start date that's so far away. I normally would send it a few weeks ahead of the start date so I don't loose them or they think I've forgotten them, but it seems strange to ask them to sign something in September for starting in November or so. Am I overthinking this?
Yes... getting a contract ensures they're place in line... a month and a half to two months out from signing is not generally that big an issue...

That said... give an estimated start date and in today's environment (i.e. - material shortages, etc.) be sure to include a clause that states you can't be held responsible (among other things) for delays beyond your control (i.e. - material shortages, delivery delays, Acts of God, etc.)...

In addition, based on the volatility of material prices lately, you're also going to want to include a cause for material price changes past a certain period of time...

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Old 09-11-2020, 09:36 PM   #3
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Re: Making A Contract Several Months Out


A "force Major" clause, and an impossibility clause, PLUS being still legal under the added laws and regs produced by our over sized government.

I'd want an elevator clause for materials and labor expenses....

Your business model might go the way of the buggy whip during the wait....

you might have to open an escrow account for any deposits/ fees paid far in advance
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Old 09-12-2020, 09:49 AM   #4
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Re: Making A Contract Several Months Out


Sign a short form contract that essentially locks them in to a place on your schedule. Include a line that a full contract will be signed 3-4-5 weeks from start date and until then either party can cancel. Consider using the slack time to order long-lead materials, to be stored at the customers location.
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Old 09-12-2020, 11:47 AM   #5
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Re: Making A Contract Several Months Out


I just have them sign an intent to build and give a nominal and non refundable deposit to hold the spot. Just got one a couple weeks ago, 2500 bucks good faith payment, start the house in 8 weeks probably

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Old 09-12-2020, 11:48 AM   #6
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Re: Making A Contract Several Months Out


My contract gauntees us starting within 21 days

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