A subcontractor agreement is an agreement that determines various kinds of duties that should be done by those who work as a subcontractor. Subcontractor commonly has some particular tasks to do as the contractor lend the task to him. This agreement usually also carry out the subcontractor willingness to finish all the works that he supposes to do. This agreement also performs as contract that gives benefits for both sides and comprises several terms to avoid any possible conflicts.
Do I need subcontractor agreement?
You commonly will need a subcontractor agreement if you perform as follow:
– You ask by your boss to lend the tasks to the subcontractor.
– You are hired by individual or company to do particular tasks in huge number.
– You run a company and the tasks should be divided into some group so that it can be finished in the desired time.
What does a subcontractor agreement cover?
A subcontractor agreement usually state scope of works that explains the services subcontractor requires to be done. It also includes the date whenever the tasks given should be started and finished. Other appointments should be included as well in case the tasks cannot be completed in decided time. The rights of both contractor and subcontractor are very important to be stated in this agreement. Other issues that may involve the third-party should be stated clearly in this contract as well as the communication between two main parties. The amount of budgeting is another important thing that be put in this agreement. The budgeting commonly refers to any possession.
How about the subcontractor agreement template?
A template of subcontractor agreement most likely begins with “Subcontract Agreement” and followed by the identity of both the contractor and subcontractor. It may include the name of company you work and its addresses. After that the name of the project and where it is located would be stated. Next, there will be the scope of works of the subcontracts with its price. Besides, any special condition and communication are written. There is also a section that explains about the law and regulations related to do any construction project. It is not finished yet because the third-party issues will come out in this agreement as well.
Why is subcontractor agreement important?
A subcontractor agreement is important because it performs as legal document that tie both the contractor and subcontractor. It is made in order to protect and give benefits for both sides. If you are looking for a sample to understand more about subcontractor agreement, you can download one sample, that you can find in other sites as well, to learn. It is a general agreement, so you must customize or consult with your legal people to make it fit with your conditions.