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What kind of arbitration agreement am I signing up for as a contractor?

As a contractor, why would I do this instead of waiting for customers on Angie's List?

What if my initial estimate was wrong and the window costs 2x what I thought it would cost?

It would be a streamline AIA arbitration agreement. Angie's List and the other websites have fees in order to get leads. When you get a lead, you are one of multiple leads and you are charged whether or not you get the job. Here the contractor has the fee extracted from the payment he is receiving. If the initial estimate is wrong, the contractor can change estimate (joint approval). As the company developed, a method would be instituted to evaluate the percentage of time/amount a contractor sticks to original bid. Thanks for commenting.

Also, supplies would come out of escrow as agreed and needed. Thanks again.

what about other ongoing costs, like labor?

@davemel37 I think it starts with smaller jobs but I plan on also allowing for releasing escrow for completion of labor on bigger jobs (with video documentation on each stage)

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