How to Find the Perfect Contractor for Your Work: Checking Solvency
When searching for a contractor for your work, it's essential to ensure the solvency of the company. Here's how to go about it:
1. VAT Number Verification:
Ask for the company's VAT number and verify it with tax authorities. This will confirm the legal existence of the company.
2. Check Commercial Registers:
Check commercial registers to confirm if the company is registered and in good standing. You can also check for recent disputes or bankruptcies.
3. Request References:
Don't hesitate to ask for references from the company. Contact former clients to get feedback on the quality of work and adherence to deadlines.
4. Liability Insurance:
Ensure that the company has liability insurance in case of damages during the work.
5. Clear Contract:
Before signing a contract, make sure it's detailed and specific, including costs, timelines, and warranties.
Checking the solvency of the company is crucial to avoid financial issues or unfinished projects. Take the time to do your research to find the perfect contractor for your work.