It’s a fundamental understanding that contracts in our industry are intended to protect the legal interests of the parties. All too often, on account of this self-inflicted ignorance of their home service professional, the contract becomes a club in the hands of the Owner so as to beat the unsuspecting pro into submission. Here is a simple list of steps you’ll want to consider for your contract management payment system. Most frequently overlooked is that the value of this contract as a communication tool. You can use the contract to reaffirm its contents and assure agreement from the Owner regarding its application during the contract work period. By obtaining additional agreements to the exact clauses in the contract, you have a better probability of having a fantastic working relationship with that proprietor and getting paid on time. If you implement this sort of a system for your contracts, you’ll realize that everyone will be in agreement and everybody will get a clearer comprehension of what is got to take place to be able to make it a successful project for everyone!

– Send to the Owner your preferred process of agreement to all completed quantities for payment. Condition who from your company will have the authority and, if known, who you perceive as the authority for agreement on the proprietor’s part. Again, request agreement in this procedure.
– Send to the Owner a copy of the intended invoice (per contract if specified or your choice of bill format if not). List all information, prices, pricing, etc.. This was instrumental in eliminating any delays later.
– Next inform all employees in your company concerning the progress payment processes such as time, authority and intended partial payment statement amounts. Let your area people know exactly how much they need to get done and by when.
As a home service professional you should become astute with your contract terms, clauses and, most importantly, your rights under your local and state statutes. I want to address how you can better position yourself for payment in accordance. – Review contract with local and state statutes. Never give up your rights.