- What contract type will we use? → Lump sum, GMP, or cost-plus depending on the job; explain trade-offs (file
01). - What's retainage? → Owner withholds ~5–10% until satisfactory completion; protects the owner.
- Do I need a performance bond? → Often required on Texas commercial >~$1.5M and all public work; protects against contractor non-performance.
- What warranty do I get? → Typically 1-year workmanship; longer manufacturer warranties on systems/equipment.
- What's a lien waiver? → A document where a contractor/sub waives lien rights upon payment; protects the owner's title.
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