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Video Guide on Building Contractor Documentation management

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Commonly Asked Questions about Building Contractor Documentation

6 Essential Elements of a Contract Offer. Acceptance. Awareness. Consideration. Capacity. Legality.
To that end, before you sign anything and start working, make sure your contract has these 5 key elements. A Detailed Scope of Work. Project Cost and Payment Schedule. Construction Timeline. Change Order Process. Project Issues and Dispute Resolution.
The contract should include the total price, when payments will be made, and whether there is a cancellation penalty. You should expect to make a down payment on any home improvement job. That down payment should never exceed 10 percent of the contract price or $1,000, whichever is less.
Construction documents have several purposes, including covering daily information, keeping track of a project and documenting changes, inventory tracking, permit applications, and others. These documents essentially cover the full range of your business operations from the beginning of a project until the end.
Contract documents are legally binding agreements that outline the roles, responsibilities and conditions of a project. Key components include parties involved, scope of work, terms conditions and supporting documents.
On a construction project, contract documents are the group of documents that define the price, conditions, clauses, schedule and scope of the executed work, along with any other job-specific details. They can be both written and graphic, and act as a legal definition of the contract.
A construction contract must include a clearly defined scope of work, also known as a statement of work. This document will detail the specific tasks and objectives of a contractor. The scope of work specifies how much work the contractor must complete in order to meet their contractual obligations.