Financing and Warranty Options
Financing Options
Tomco Company has partnered with several proven venues to provide many innovative and cost
effective financing options for your desired home project(s). Feel free to inquire and ask Tom
for these finance options for your project.
Warranties - All Labor, by State Mandate, will be for a minimum of one year. Tomco Company is
unique in that we offer to warrantee the labor for an additional year because we believe in giving
our clients great craftsmanship and we want to show that we stand behind what we build. Mechanical
(plumbing and HVAC) systems will have a minimum of a 2 year labor and systems warrantee. This applies
to only the products supplied and installed by Tomco Company and our team of subcontractors. All
products supplied by Tomco Company will be warranted by the individual supplier as specified within
their stated warrantee. Please note that after our two year stated warrantee period their might be
labor charges to replace warranted parts. All structural applications have a 10 year material and
labor warrantee. A copy of the state mandated warrantee will be given upon request to our clients.
Warranty Claims - How to: Notify Tomco Company as soon as you notice that you have an issue in writing. We will
inspect and notify the correct supplier and or vendor so that they can follow through with the warrantee
repairs. We offer this service to keep tabs on products that we specify, so as to offer quality products
to our future clients.
Contacting License - Tomco Company Inc. is very proud to hold an original Minnesota Contractors License and to be in operation
without a claim for 30 years! Tomco Company Inc. has an original 4-digit license number (#8747), meaning
we have the experience and have been able to maintain all the qualifications to meet the standards of the
State of Minnesota (Dept of Labor and Industry) requirements for insurance and licensing. Today most
contractors and remodeling companies are issued an 8-digit number.
Insurance - Tomco Company Inc. is licensed and insured according to the rules and regulations of the State of Minnesota,
Department of Commerce under Contractor License #8747. As you, the owner, agrees that you have and will
maintain reasonably sufficient replacement value homeowner's/property and owner's liability insurance on
the property (including improvements described in Contract) throughout the performance of the Contract,
prior to commencement of construction., the owner will list Tomco Company Inc. as loss-payee on the
Owner's hazard insurance policy, or purchase separate insurance to protect Tomco's interests. Tomco
Company Inc. will carry, as our own expense, workers' compensation and public liability insurance as
required by statute.
General Contract Notes and Conditions
Warrantees/Guarantees - All materials supplied are warranted/guaranteed as implied by the
individual manufacturers. All structural items are warranted for a period
of ten years from defects. All drywall (settling) cracks and nail hole
pops will be warranted for one year only. All labor is included for all
repairs required for the period of one year after project completion. All
warrantees implied or written take effect at the completion of said
project. Any alteration by the owner or other contractor to any work
specified in this contract will deem voidance of implied warrantees
concerning areas affected by said alterations. We intend to adhere to
"Schedule E" which is the "Minnesota State Homeowners' Warranty Act".
Copies of this warranty will be given to those that request it.
Change order Policy - All changes to the scope of the project, or written specifications, can be
accomplished only by approving all material and physical changes, the
additional labor, reasonable markups, and to list total price changes that
go along with them, plus any administrative and management fees that might
be incurred in a written form labeled "Change Order". All Change orders
will be numbered sequentially and must be signed as approved or project
will cease to continue. Per Minnesota Rule 2891.0030 . Four types listed
below.
Type I - (Homeowner "requested changes" to the general scope of the
project.) Any "requested changes" by the homeowners, after the contract
signing and final plans have been approved, is subject to a change order.
This type of change order is subject to the net cost of changes (both
materials and labor) required to complete the change, plus a markup of
1.35 x these costs. Tomco Company Inc. additionally will charge a $125.00
administration fee plus any additional contractor management time and/or
estimating time at $50.00 per hour. The administration fee is to cover
the contractor cost to issue and gain approval for the change order. This
administration fee will be applied per change order, not per change, so a
number of changes can be dealt with in one change order.
Type II - (Allowance Changes) A change in allowance occurs when the client
selects products that cost more or less than the allowance amount included
in the Base Contract. For example, the Base Contract has an allowance of
$7,000.00 for kitchen appliances and the client then picks out appliances
that cost $8,000.00. In this instance, the difference of $1,000.00 plus a
markup of 1.35 x these costs. Tomco Company Inc. additionally will charge
a $125.00 administration fee plus any additional contractor management
time and/or estimating time at $50.00 per hour. The administration fee is
to cover the contractor cost to issue and gain approval for the change
order. This administration fee will be applied per change order, not per
change, so a number of changes can be dealt with in one change order.
Type III - (Dictated) A dictated change order occurs when an unforeseen
change, such as a city code or an inspector's request dictates that a
change be made to the project. In other cases dictated changes can happen
because we are not able to see what structural defects, electrical,
plumbing or mechanical conditions are like inside the walls, floors, or
ceilings. Also poor soil type for proper foundation bearing, contaminated
soils, and unforeseen obstructions in the ground can dictate a change
order. Any hidden pre-existing condition(s) that have not been identified
or addressed prior to acceptance of this contract, but became evident
during the course of the project, involving additional materials and or
labor are subject to contractual adjustments (change orders). This type
of change order is subject to the net cost of changes (both materials and
labor) required plus a markup of 1.35 x these costs. Tomco Company Inc.
additionally will charge a $125.00 administration fee plus any additional
contractor management time and/or estimating time at $50.00 per hour. The
administration fee is to cover the contractor cost to issue and gain
approval for the change order. This administration fee will be applied per
change order, not per change, so a number of changes can be dealt with in
one change order.
Type IV - (Interpretive) An interpretive change order usually occurs when
a misunderstanding or a miscommunication happens. We intend to make every
effort to include every one of your wishes into the process of estimating
and contract writing, but occasionally some items or details can be in
advertently forgotten or left out of the contract scope of work. The price
only for the materials and labor plus additional contractor management
and/or estimating time at ($50 per hour) will be included in this type of
change order.
Payment Terms for all change orders- All change orders must be approved
and signed by a minimum of one owner. All approved change orders affect
the total price of the project and become a part of the Base Contract. All
increases in Contract amounts will be billed immediately and must be paid
within 5 working days or work may cease.
Materials - We reserve the right to replace any "specified item" with an
"equal" item, if product availability is an issue or the replacement of
such item will enhance the construction schedule. This "equal" item must
meet the owners approval and will be ordered and installed only after a
change order has been issued and signed.
Upgrade Smoke Detection - Since 1992 a state law went into effect that
required smoke detectors to be installed in all bedrooms, one in the
hallway outside of the bedrooms, and one installed on each level. In
remodeling situations we need to install a hard wired unit in all open
stud conditions that we alter. A battery operated unit is acceptable in
bedrooms if we are not working in those areas. The permit process for
this project maintains that these smoke detectors will need to be
installed prior to the final inspection.
The homeowners are responsible for this upgrade. If you require us to
install these battery operated units, we will do so for a fee of $25.00
for each unit installed. Installation location is available at you local
government center or follow manufacturer recommendation.
Carbon Monoxide Detection - Since 2008 a Minnesota state law went into
effect that required CO2 detectors to be installed into new and remodeled
homes into the hallway outside of the bedrooms. The homeowners are
responsible for this upgrade. If you require us to install these units, we
will do so for a fee of $35.00 for each unit installed (assuming that an
outlet is available in an appropriate location for proper installation.
Installation location is available at you local government center or
follow manufacturer recommendation.
Workmanship - All work is to be completed in a good workmanship like manner
(and at a minimum) in accordance with the standard construction practices
set forth by the NAHB guidelines to industry standards. A copy is
available upon request.
License and Insurance - Proudly licensed by the State of Minnesota as a
Building Contractor License # 8747 since inception of the State Licensing
program. Our workers and all subcontractors are required to be fully
covered by property, general liability and worker's compensation insurance
as required by the state of Minnesota DOLI licensing division. Copies of
our General insurance coverage and our building contractor license
certificate will be issued upon request. The home owner(s) are required to
notify their insurance company prior to commencement of the project for
the purposes to carry fire and other necessary insurance during all phases
of construction process.
Dispute resolution - Any discrepancies or disagreements that may arise
during the course of the project will be subject to arbitration. The fees
(if applicable) for arbitration will be equally divided by all parties
involved. All agreements made from arbitration processes will be legal
and binding against further litigation.
Jobsite Guidelines - It will be your contractor's responsibility to
clean up and remove all construction debris in a timely manner (unless
agreed to by both parties). It is inevitable that any remodeling work
will produce some type of inconveniences for your daily lives. We intend
to keep these inconveniences to a minimum and to protect your belongings
to the best of our ability. With this in mind there falls a certain degree
of responsibility by the home owner to allow the contractors ample time
and space to complete your project. This might mean you will need to move
valuable and delicate items to a safe zone. It will be the homeowner's
responsibility to maintain control of all pets and children during the
construction period. Thank you in advance for your cooperation. Please
feel free to communicate with the lead carpenter or project manager on the
project for all of your concerns.
Terms of Cancellation - This proposal may be withdrawn by the Contractor
if not accepted within 30 days.
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