Licenced and bonded get so out of hand.
Michael Goodman of Goodman Construction along with Sabrina Shaw talks about a contract for TRR’s (Treatments, Repair, Replacements) the supplement that goes along with a contract for when the buyers wanted something to be repaired.
Oklahoma is a state that does not require a general contractor license which allows when someone who buys a land and builds a home then decides to be a home builder automatically he/she will become a general contractor. That also allows them to repair your cabinet or put insulation in your home. Oklahoma State only requires licensing for specific trades like heating, electrical and plumbing. Anything outside those scopes are not or do not have any required licensing.
Asking the right questions when choosing someone to work on especially when they have been working on it before is important. Insurance is also important, as it is a standard and your protection against certain contractors. Workman's comp is critical when anybody is working on your property, making sure that your current workers are being paid and you would not like the liability to bounce back on you as an owner. The most abused term is “bonded” in the industry. Most bonding usually occurs in a municipality type construction process.There is not a specific bond that covers the homeowner or covers a specific position. A general contractor is not gonna be bonded.
As you become fixated on licensing bonding or insure that you lose sight of things that are more
important. Educate yourself of the process and ask questions.
To schedule a FREE real estate specialists consultation please contact Darryl Baskin of Baskin Real Estate Specialists powered by eXp Realty.
DARRYL BASKIN
Baskin Real Estate Specialists, eXp Realty
Email: info@darrylbaskin.com
Tel: 918 258 2600
Tel: 918 740 0077
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