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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.
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.
Some common kinds of construction documents include: Bidding documents. Architectural drawings. Schedules. Work orders. Safety reports. Certificates of insurance. Subcontractor applications. 10 Essential Types of Construction Documents - Digital Builder autodesk.com blogs types-construction-d autodesk.com blogs types-construction-d
50% Base Building Construction Documents means plans and specifications for the construction of the Base Building Improvements that are prepared in substantial ance with the Approved Building Schematics and are approximately fifty percent (50%) complete.
6 Essential Elements of a Contract Offer. Acceptance. Awareness. Consideration. Capacity. Legality.
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.