Sample Restoration Agreement for Antique Auto Restorations – GYR
Here is a Sample Restoration Agreement for Antique Auto Restorations – GYR. This is the agreement that Graveyard Run Restorations uses while working with our clients.
Restoration Agreement
Thank you for choosing Graveyard Run Restorations for the restoration of your collectible automobile. It is our desire that the process of restoring your car will be an enjoyable and satisfying one.
In order to provide guidance for the process of restoring automobiles for our customers, the following policies have been developed to minimize ambiguities during the restoration.
1.) Because of the comprehensive nature of the restoration process, estimates or “bids” of the total cost of a restoration project cannot be given at any time. It is most important that this be understood and accepted. If you have any questions, please don’t hesitate to ask them.
2.) A $1,000.00 deposit is required at the time of the signing of this agreement and scheduling to have the car shipped to our facility to await the commencement of the work to be done.
3.) A $10,000.00 draw (roughly the equivalent of one month’s labor for one man (160 Hours) at our shop rate of $65.00/hour) is required at the time of commencement of the restoration. This draw will be applied to work performed and parts and materials consumed until it is depleted. Additional draws will be required when the prior draw is worked down to $1,500.00 or less. This system of placing draws will be used throughout the course of the restoration, until the completion of work.
4.) Invoices reflecting work performed and the amount of your draw used will be emailed on or about every 160 Hours of labor performed. In the event of a balance due on your account, additional work will wait on the new draw.
In the event of a customer initiated “hold” on work, a $100.00 per month storage fee will be assessed until a new draw is received.
A photo & video record of work performed for the month will be provided at the end of each month. These digital photos & videos will be available on Snapfish and YouTube, and a link to view them will be provided to you. You can also follow us on Facebook, Instagram, and/or Twitter to see regular postings on progress being made in the shop.
5.) Restoration charges apply to “time and materials”. Quality, comprehensive restorations of collectible automobiles take time, and will be expensive. Time spent on projects is documented by a journal. A list of parts and materials used within then billing cycle is included in the invoice.
Invoices will include an item titled generically as “Shop Supplies”, which will include such items as cleaning solvents, rags, sealant, tape, paper, etc. These items are impossible to quantify, but are clearly related to the cost of restoration. This cost will be 1% of the labor cost of the current invoice, with the minimum charge being $5.00.
All parts, materials, and sublet work will be marked up at a flat rate of 30% to cover transportation and administrative costs.
6.) Insurance on the vehicle while in possession of Graveyard Run Restorations is the responsibility of the owner of the vehicle.
7.) The customer may at any time remove the vehicle upon payment of all outstanding invoices. Vehicles are not released until account balances are paid in full.
8.) If you have any questions or concerns about the Sample Restoration Agreement for Antique Auto Restorations – GYR, please feel free to contact us at 615-765-7076
Signed __________________________________________________________Owner
_________________________________________________________Mark A. Seybold
Date_____________________________________
Vehicle________________________________________________________
855 Geedsville Road Bradyville, TN 37026 615-765-7076
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