Reorder Pages Construction Contract

Aug 6th, 2022
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How to Reorder Pages Construction Contract

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In this video tutorial, Kim Brennan, CEO of Quantum Contract Solutions, explains the concepts of change orders and variations in construction projects, highlighting their differences and impacts. The training covers essential negotiation points for contracts related to these topics, aiming to equip viewers with the knowledge to manage financial losses common in the industry. Brennan emphasizes the importance of learning from mistakes made by others in construction, encouraging viewers to like and subscribe for future insights. The goal is to help construction companies avoid losing money through effective contract management.

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Avoiding ambiguity should be a primary goal when drafting and negotiating construction contracts. This helps ensure that you get what you want, including the bargained-for benefits of the contract, smooth contract administration and fulfillment, and avoidance of lengthy and expensive legal disputes.
Full Name, Address, and Signatures of Both Parties Though this may sound obvious, this commonly overlooked element of construction contracts is required to make the contract legally binding.
Most change orders modify the work required by contract documents (which, in turn, usually increases the contract price) or adjust the amount of time the contractor has to complete the work, or both. For there to be a valid change order, the owner and contractor must both agree on all terms.
5 Key Elements Every Construction Contract Should Contain 1) The projects scope. 2) The cost and payment terms. 3) The projects time frame. 4) Protection against lien law. 5) Dispute resolution clauses.
A contract should contain everything agreed upon by you and your licensed contractor. It should detail the work, price, when payments will be made, who gets the necessary building permits, and when the job will be finished. The contract also must identify the contractor, and give their address and license number.
52.215-8 Order of Precedence-Uniform Contract Format. (a) The Schedule (excluding the specifications). (b) Representations and other instructions. (c) Contract clauses. (d) Other documents, exhibits, and attachments. (e) The specifications.
For a contract to be valid and recognized by the common law, it must include certain elements offer, acceptance, consideration, intention to create legal relations, authority and capacity, and certainty. Without these elements, a contract is not legally binding and may not be enforced by the courts.
Whether a contract is 200 pages or 10 pages, to be a legally binding agreement they must contain six basic elements: Offer, Acceptance, Awareness, Consideration, Capacity, Legality.

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