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critical items in a construction contract this article is actually title five essential elements of a construction contract its a pretty decent list here I went ahead and kind of added a bit more to it but contracts are a crucial part of the real estate industry you know theyre in mind that there are five items of every single construction contract that you sign should have a construction contract is an agreement that binds you you know yourself and the owner in the and the agreement based on the project that youre bidding on so the construction con trapped in a bid so those include the construction contract line-item she is detailed with project costs and the scope of work document that outlines every item within the line-item sheet so a standard construction agreement is called an construction contract this is an agreement between the owner architect and the Builder general contractor there are several types of those contracts the cost plus contract will do construction w