Contractor Incentives

Hello again to everyone reviewing this post, my question is it okay or practical to offer a contractor incentives for completing restoration/rehabilitation ahead of schedule?

Also, Would you insert this clause into the contractor agreement or prefer to the pay the person some extra funds from your pocket.

I guess that latter would be improper due to potential IRS consequences.

Any suggestions would be appreciated. thanks to all reading the post.


Yes, it is possible and practical to do so – the Governement does it all the time in their contracts…on the flip side, you can also impose penalties for work finished late. This tends to keep the contractor on your jobsite and on your schedule.


Thank you for the response Keith. Are there any additional contractor clauses or factors that you prefer to utilize in the selection of a contractor? Feedback will be greatly appreciated.