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Commonly Asked Questions about Commercial Contractor Legal Documents

Construction Contract Documents are the written documents that define the roles, responsibilities, and Work under the construction Contract, and are legally-binding on the parties (Owner and Contractor).
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.
These five essential elements of a construction contract can result in major vulnerabilities if overlooked: Full Name, Address, and Signatures of Both Parties. Scope of Work. Project Cost and Payment Terms. Schedule of Work. Authority.
These are some of the most common and important construction documents for building projects of all kinds. 1: Construction Agreement. 2: General Conditions. 3: Special Conditions. 4: Scope of Work (SOW) 5: Drawings. 7: Bill of Quantities. 9: Schedule of Values. 10: Cost Estimate.
3 Types of Construction Contracts: Their Pros and Cons for Owners and Contractors Fixed Price. The most common type of contract is the fixed price contract, also known as the lump sum or stipulated sum contract. Cost-Plus Fee. Unit Price.