Our Story

The idea for Contracting Trust developed over a decade ago. A group of General Contractors specializing in remodeling for more than 25 years, had numerous clients where they were fixing jobs from bad Contractors or the clients had been ripped off by shady Contractors. Some people had accepted bids from remodelers, handed over their deposit (many times as much as 50%) and then never saw the Contractor again. And, there were stories of Remodelers getting half way through a project and realizing they had underbid it and just abandon the project leaving the client literally “holding-the-bag”, out of money and only partially through construction.

On the other hand, many remodelers experienced working with difficult clients that became unreasonable towards the end of a project and wouldn’t make payments without getting more work done for free. Many of these remodelers were stuck and had to perform the work without proper compensation in order to get paid. Even the National Association of Home Builder’s (NAHB) trained Remodeling Contractors to include in their budgets (and proposals) up to 3% for these kinds of losses.

It took several years to develop the idea for Contracting Trust. And, since it had never been done before, it took several more years to secure an underwriter willing to fund the money required to secure the risk – there are warranty companies that guarantee building and remodeling projects after they are completed – but not before, nor during. Contracting Trust is the very first to provide a complete warranty from build start through one year after completion.