You want your project to be on time and in budget. Your contractor wants to maximize his profits. Create a compensation plan that maximizes their profits at each stage of the plan once objectives are met.
It is advisable to get at least 3 quotes for any work that you want completed. This way, you are able to compare and contrast to make sure you are getting the best value.
Effectively communicating, in writing, is essential with anyone you hire. Write down your expectations and deliverables to make sure everyone is on the same page.
You should make sure that the proper paperwork is followed and that you are legally protected in any way necessary for the project. You can have an attorney draw these up for you or find some online.
Investigate the track record of anyone you hire to make sure they have the credentials and experience to deliver the product you desire.
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