Who needs the Subcontractor Agreement form?
A Subcontractor Agreement form is a legally binding document according to the terms of which a subcontractor is hired by a contractor to perform a certain type and amount of work in the state of Georgia. In other words, by concluding an agreement, a contractor hires a subcontractor to help with the project. Subcontractors are typically companies or firms specializing in a particular type of services; therefore, there may be more than one subcontractor. However, for all of them a separate agreement must be filed.
What is the purpose of the Subcontractor Agreement?
The completion of the agreement form is important for the subcontractor as it serves as a guideline providing standards and specifications that must be met when the work is performed and also gives the determined time frame for the project’s completion. There also a lot of many other details that can be communicated in the agreement for the benefit of both parties in case of a dispute over the work.
When is the Subcontractor Agreement due?
The Subcontractor agreement must be filed before the work on the project can be started. The contract’s end date is supposed to be agreed upon by the parties and indicated in the agreement as one of its essential terms.
How to fill out the Subcontractor Agreement?
A properly filled out subcontractor Agreement must indicate such information:
The parties - Subcontractor and Contractor;
Statement of work;
Insurance (workers’ compensation, commercial general liability and automobile liability);
Indemnification and arbitration;
The information mentioned above is the basis for obligatory provisions that must be arranged in the contract; however, other stipulations can be added. The content of the Subcontractor Agreement may be amended as deemed necessary by the parties involved in the agreement.
Where should the completed Subcontractor Agreement be directed?
The subcontractor Agreement must be complete in two original copies and each should be retained by the corresponding party at last until the end date of the project.