Don't Get Scammed 09162021

8 • If you decide to cancel a signed contract, it should be cancelled within three business days of signing Be sure to follow the agreement stated in the cancellation clause of the contract Written notification should be sent by registeredmail so you have proof of canceling the contract • Ask the contractor if he/she carries general liability and workers compensation insurance Request a certificate of insurance (COI) from the contractor you choose that shows the name of the insurance company, policy number, and policy limits the contractor carries You may contact the insurance company directly to verify information on the COI Do not do business with a contractor who does not carry the appropriate insurance coverage If the contractor is not insured, you may be liable for accidents that occur on your property • Keep a job file containing all papers related to work being done This file should include the signed contract and any change orders, plans and specifications, bills and invoices, canceled checks, certificates of insurance, lien releases from subcontractors and material suppliers, a record sheet on each contractor listing the work performed, the estimated length of the job, and any letters, notes, or correspondence of any kind with the contractor • If excavation work is being performed, such as sewers or basement walls, make sure a building inspector or observer inspects the work before it is hidden from view An independent assessment may help avoid similar problems from occurring in the future by identifying problems now, allowing needed modifications to be made before construction continues • Unfortunately, delays happen in construction projects Although you may clearly understand the terms of your contract, the contractor may experience circumstances (such as weather) that prevent the construction work from remaining on schedule This is just a normal part of a construction project