Payment Schedule Sample Roofing

Contact person if customer is a business.

Payment schedule sample roofing.

For example a 200 000 home with a 1 wind hail deductible 2 000 and costs 10 000 to replace will pay 8 000 to replace the roof with. Download this free high quality contract payment schedule template so that you can easily maintain a track of the payments concerning the contracted services. Roofing contractor agreement sample. Be a payment to contractor under this.

The percentage of payment made is determined by the roof surface payment schedule the chart is provided in this document for reference. While it is not considered unreasonable to pay a deposit you should never pay for the total job upfront. When the roof surface endorsement is added to a policy damage caused by wind or hail will be settled based on two key factors. Work with your contractor to arrive at a payment plan that pays for all custom materials upon order but pays the balance of the contract upon completion of the custom work.

Along with the services this contract also highlights the number of guaranteed years for the work. The work will be performed between the hours of a m. It also is not recommended the total deposit and progress payments equal more than 75 percent of the total job some states regulate this amount. Larger projects may require larger deposits.

Check out this sample roof replacement contract which includes the services such as removal of layers replacement of damaged plywood and flashing materials installation of roofing materials etc. Pay everything with a check or credit not cash. Deposit payment schedule deposit requirements vary from contractor to contractor. 1 the age of the roof and 2 the type of material used to cover the roof surface.

The draw schedule is a detailed payment plan for a construction project. Residential roofing contract customer. If the roof needs to be replaced due to hail or wind damage a replacement cost policy pays the amount it costs to replace the roof with a new one of the same quality less the wind hail deductible. It comes with a tabular column that lets you add in details such as the description of the work goods claimed amount scheduled amount as well as the balanced amount.

Supervision required to perform the work work set out in the attached work schedule in accordance with the contract documents. But typically a deposit should not exceed 1 3 of the total cost of the roofing project. Payments should not exceed the work that has been completed. Regardless of the deposit amount remember this.

Any large project should contain a detailed draw schedule. If a storm destroys it and you have actual cash value roof coverage that depreciates the roof s value by 1 000 per year your out of pocket share of the cost for a new roof would be 11 000.