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Contract

CONTRACT
THIS IS A BINDING CONTRACT, CONTINGENT ONLY UPON INSURANCE COMPANY APPROVAL OF THE SUBJECT CLAIM. WORK MUST BEGIN WITHIN 30 DAYS OF OWNER’S RECEIPT OF INITIAL CHECK FROM THE INSURANCE COMPANY FOR THE CLAIM.

IRON GUY'S ROOFING & RESTORATION

10526 West Cermak Road, Suite 100
Westchester, IL 60154
123ironguy@gmail.com

City of Chicago General Contractor’s License #

Subcontractors hired are Fully Licensed and Bonded

Roofing Contractor & License #

POLICY #: Insurance CO
Client:
ADDRESS:
Claim #: INSPECTION DATE:
HOME PHONE: INSPECTION TIME:
CELL PHONE: ADJUSTER NAME:
Email: ADJUSTER #:
MORTGAGE CO: MORTGAGE LOAN #:
DATE OF LOSS: TIME OF LOSS: TYPE OF STORM DAMAGE:

YOU, THE CONSUMER, MAY CANCEL THIS TRANSACTION AT ANY TIME PRIOR TO MIDNIGHT OF THE THIRD BUSINESS DAY AFTER THE DATE OF THE TRANSACTION. SEE ATTACHED NOTICE OF THE CANCELLATION FORM FOR AN EXPLANATION OF THIS OF THIS RIGHT.

You may cancel this contract at any time before midnight on the earlier of the fifth business day after you have received written notification fram your Insurer that all or any part of the claim or contact Is not a covered loss under the Insurance policy or the thirtieth business day after your Insurer has received properly executed proof (s) of loss fram you. See attached notice of cancellation form for an explanation of this right.

AGREEMENT SUBMITTED TO: PHONE #: WORK #:
DATE:
STREET: CITY : STATE:
ZIPCODE:

We prepare hereby to furnish material and labor-complete In accordance with attached estimate for the sum of: per Insurance Scope of Loss per replacement cost value on Insurance Loss Sheet plus deductible and upgrades

Contact Written By Date Cell#

Acceptance of Contract, the above terms and conditions and those contained on the reverse side are satisfactory and are hereby accepted. You are authorized to do the work and will be specified by any insurance company. Payment will be made as outlined on attached Estimate.

POLICY HEADER :

Name: Phone:
Address:
Insurance Company: Policy:
Claim: Date of Loss:

This Assignment of a claim for Damages (the “Assignment”) is made and effective .

BETWEEN: (The “Assignor”), the insured and existing under the laws of the State of ILLINOIS.

AND: Iron Guys Roofing & Restoration, LLC. (the “Assignee”), a corporation organized And existing under the laws of the State of Illinois, with its head office located at: 10526 W. Cermak Road, Suite 100, Westchester, IL 60154

FOR VALUED RECEIVED, the Assignor hereby sells and transfers to the Assignee and its successors, assigns and personal representatives, any and all claims, demands, and cause or causes of action of any arising from the following type of claim:

Homeowner’s claim #

And the undersigned may in its own name and for its own benefit prosecute, collect, settle, compromise and grant releases on said claim as it in its sole discretion deems advisable.

IN WITNESS WHEREOF, the parties have executed this Assignment on the day and year first above written.

THE CONTRACT ON THE REVERSE SIDE HEREOF IS SUBJECT TO ALL APPLICABLE LAWS,REGULATIONS AND ORDINANCES, AND THE FOLLOWING TERMS AND CONDITIONS ARE PART OF SAID CONTRACT.

1. All contracts are subjects to the approval within three days of the Contractor’s Credit Department and management.

2. Payments shall be made upon the following terms. Net cash on or before the tenth (10th) day following the completion of work. If work is of such nature that it will exceed one calendar month to complete it, partial payments shall be made by the tenth (10th) day of each calendar month for work completed and material supplied to the job as of the last day of the preceding month as evidenced by contractor’s Statement. In the event that an inspection of the work is required, the maximum allowable hold back pending inspection shall be 10%, and it may be held back for a maximum of thirty (30) days following completion.

3. If the customer fails to make payments as required by the subject Contract, the customer shall be liable for finance charges from the date of default at the rate of one and one half percent per month (18% per annum), with a minimum charge of $2.00 per month. If said past due amounts are placed in the hands of an attorney for collection, then the customer shall pay all reasonable collection costs, including attorney’s fees and costs.

4. The contractor is not responsible for any damages from fire, windstorm, lightning, mold or other hazard which is normally contemplated to be covered by Home owner’s Insurance, unless a specific written agreement has been made between the parties prior to the commencement of work.

5. The quoted price in this Contract does not include expenses or charges for additional bond or insurance premiums or costs beyond normal bond and insurance coverage; and any such additional expenses, premiums or costs required by the insurance company or the customer shall be added to the amount of the contract.

6. Replacement of deteriorating decking, roof jacks, ventilators, flashing or other materials, unless otherwise stated in the contract are not included and will be charged as an extra expense on the contract on a time and material basis.

7. This contract, if not signed by the customer, will expire thirty (30) days after the date on which it Is signed by the contractor, unless extended in writing by the contractor. The contractor reserves the right to revise the price after thirty (30) days in accordance with costs then in effect.

8. The contractor shall not be liable for failure of performance due to labor controversies, strikes, fires, weather, inability to obtain materials from usual sources, or any other circumstances beyond the controlof contractor of any nature whatsoever.

9. The contractor is not responsible for any damage or mold below the roof due to leaks by excessive wind, ice, dams, hail or preexisting construction defects during the period of the warranty. The contractor is not responsible for damage or mold below the roof due to leaks caused by contractor’s workmanship unless the contractor is notified in writing within 24 hours of the first occurrence of a leak.

10. If roofing and sheet metal work is within the scope of the contract, contractor's standard roof warranty shall apply, unless otherwise agreed to in writing by the parties prior to commencement of the work. The warranty period shall be for one year unless otherwise agreed in writing.

11. If materials has to be reordered or restocked because of cancellation by the customer, there will be a restocking fee equal to (15%) of the contract price.

12. This contract and contractor's warranty are not assignable or transferable.

13. This contract constitutes the entire agreement of the parties, the contract does not contain any terms not written in this contract, and it may be changed only by a written instrument signed by the parties.

14. If any of the provisions of this contract are held to be invalid or unenforceable, the validity and the parties.

15. Contractor’s written warranty does not become valid until the contact has been paid in full.

16. Contractor may order and pay for excess materials. All excess materials belong to the contractor.

17. FULL SCOPE OF INSURANCE PROCEEDS IS DEFINED AS THE FULL PRICE OR REPAIRS ALLOWED BY THE INSURANCE COMPANY BEFORE ANY DEDUCTION FOR DEPRECIATION OR DEDUCTIBLE AMOUNTS.

18. If a customer cancels after approval of claim, 25% will be owed to the contractor per scope.

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