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Home Improvement Contracts and Time and Materials Pricing
Posted by Tom Squeri on Mar 18, 2015
A recent legal presentation at Graniterock’s Concrete and Building Materials Expo has generated a lot of discussion. One of our speakers told the audience that it is unlawful for a contractor and a homeowner to enter into a contract for home improvement work where the price term is based on “time and materials” (“T&M”). Several in the audience were surprised to hear this, and questioned whether the statement is true. After all, T&M contracting is relatively common, and when done correctly is a good way to ensure a fair price for both parties to the contract.