Contrary to the commercial construction industry, in which prevenient agreements and purchase orders may be sufficient to govern the relationship between parties, contracts in residential construction must be formal in order to protect homeowners. Particularly, the Consumer Protection Act, 2002 has been deemed to apply to residential construction and renovation agreements.
Do you have to pay your real estate agent their commission on a failed closing? Find out in this article the circumstances where you may have to.
Trust and reputation are essential in the construction industry, both of which take time and experience to develop. For this exact reason, the construction industry often relies on joint cheque agreements to create a level of comfort between established subcontractors/trades and new contractors