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If you’re remodeling your home, then you need to take steps to ensure that your financial interests are protected. Here are just a few things you should know before proceeding with your project. If you ever have questions about home renovations, then please get in touch with a member of Kay2 Contracting and we’ll be happy to help.
Get written estimates from more than one business. Provide each business with a detailed description of the work you want completed and the materials you want the contractor to use.
A written estimate should include:
Avoid contractors who:
Check if the contractor is a member of the Calgary Home Builder Association, a member of the BBB, and Reno Mark. Being a member of these organizations is a great indication that they are qualified for the job. Check for references and look through their reviews to see what past clients say about the team. You can always look through our testimonials to see just how happy our past clients have been with our work!
Check the qualifications of the tradespeople who will do the work. Specific trades such as electricians, plumbers, and gas fitters must be certified to work in Alberta.
Make sure the contractor and tradespeople have Workers’ Compensation Board (WCB) coverage by asking for their WCB number. If the tradespeople get injured and they are covered by WCB, they may be eligible for compensation. WCB may cover lost income, health care, and other costs from a work-related injury or illness.
Ask to see an insurance certificate showing public liability and property damage coverage for everyone involved with the job.
Verbal contracts are hard to prove. Always insist on a written contract, and don’t proceed with a home remodeling project if you can’t get one.
Any blank spaces on a printed form should be filled in with NA (not applicable) or NIL (nothing). Strike out anything you don’t agree with and make sure that you and the contractor initial the change. To ensure that you are fully protected, consider having the contract reviewed by your lawyer. Once you sign a contract, it’s legally binding — be certain that you and the contractor have agreed on the details of the work to be done.
Paying for the Work:
The formal payment schedule should be clearly outlined in the contract. Most contractors will ask for a deposit or down payment. Find out if this is refundable, and if so, under what conditions. At Kay2 Contracting, we’re always willing to work with you to find a financing plan that allows you to get the work you need.
Special regulations under the Fair Trading Act apply to contractors in Alberta who:
These contractors are considered prepaid contractors. A prepaid contractor must be licensed by Service Alberta and post security. If the business is negligent in performing its services or in providing deliverable goods, then an affected consumer can submit a claim against the security.
Check with Service Alberta at 1-877-427-4088 to find out if a contractor is licensed as a prepaid contractor.
These are just a few of the many tips Kay2 Contracting can offer. We’ve been in the business long enough to know how to protect our clients’ interests, and we would be more than happy to help you find a plan that works for your timeline and doesn’t exceed your budget. Please reach out to us if you would like to learn more about why Kay2 Contracting should be your go-to team of remodelers!
We look forward to helping you create the space you’ve always wanted!
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