The Real Estate Encyclopedia
Back Charge
Category - Real Estate Glossary - Real Estate Terminology
Cost incurred or billings for work performed by one party that, in accordance with the agreement, should have been performed or incurred by the party to whom billed. Back charges will be billed by the owner to general contractors, and general contractors bill back charges to subcontractors. For example; Charges for cleanup work or to repair something damaged by another subcontractor, such as a tub chip or broken window.
Real Estate Glossary - Real Estate Terminology
Home   |   About Us   |   Contact Us   |   Patrons   |   FAQ's   |   Site Map
© 2008 - All Rights Reserved.
Thank you for visiting Real Estate Wiki - the leading dictionary, directory, encyclopedia and glossary for the real estate and mortgage industries .