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Commonly Asked Questions about Contract Forms for Construction Industry

How to write a contract agreement in 7 steps. Determine the type of contract required. Confirm the necessary parties. Choose someone to draft the contract. Write the contract with the proper formatting. Review the written contract with a lawyer. Send the contract agreement for review or revisions.
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.
Here are four main construction contracts to choose from, plus their pros and cons: Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts. 4 Types of Construction Contracts - CDO Group, Inc. cdogroup.com 4-types-of-construction-contracts cdogroup.com 4-types-of-construction-contracts
How to draft a contract between two parties: A step-by-step checklist Know your parties. Agree on the terms. Set clear boundaries. Spell out the consequences. Specify how you will resolve disputes. Cover confidentiality. Check the legality of the contract. Open it up to negotiation.
This Construction Contract (Contract) is entered into (the Effective Date), by and between , with an address of (the Contractor) and , with an address of , (the Customer), collectively the