The Vermont Statutes Online
The Vermont Statutes Online does not include the actions of the 2024 session of the General Assembly. We expect them to be updated by November 1st.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 26 : Professions and Occupations
Chapter 106 : Residential Contractors
Subchapter 003 : Registrations
(Cite as: 26 V.S.A. § 5509)-
§ 5509. Requirements of registrants
(a) Insurance. A person registered under this chapter shall maintain minimum liability insurance coverage in the amount of $1,000,000.00 per occurrence and $2,000,000.00 aggregate, evidence of which may be required as a precondition to issuance or renewal of a registration.
(b) Writing.
(1) A person registered under this chapter shall execute a written contract prior to receiving a deposit or commencing residential construction work if the estimated value of the labor and materials exceeds $10,000.00.
(2) A contract shall specify:
(A) Price. One of the following provisions for the price of the contract:
(i) a maximum price for all work and materials;
(ii) a statement that billing and payment will be made on a time and materials basis, not to exceed a maximum price; or
(iii) a statement that billing and payment will be made on a time and materials basis and that there is no maximum price.
(B) Work dates. Estimated start and completion dates.
(C) Scope of work. A description of the services to be performed and a description of the materials to be used.
(D) Change order provision. A description of how and when amendments to the contract may be approved and documented, as agreed by the parties.
(3) The parties shall document an amendment to the contract in a signed writing.
(c) Down payment.
(1) If a contract specifies a maximum price for all work and materials or a statement that billing and payment will be made on a time and materials basis, not to exceed a maximum price, the contract may require a down payment of up to one-half of the cost of labor to the consumer, or one-half of the price of materials, whichever is greater.
(2) If a contract specifies that billing and payment will be made on a time and materials basis and that there is no maximum price, the contract may require a down payment as negotiated by the parties. (Added 2021, No. 182 (Adj. Sess.), § 14, eff. July 1, 2022.)
