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Save Construction Contract Agreement in PNG

Save Construction Contract Agreement in PNG

Aug 6th, 2022

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How to Save Construction Contract Agreement in PNG

4.7 out of 5

37 votes

Construction contracts are agreements between two parties, typically involving an exchange, often money for services like building. While verbal agreements are legally binding, they are difficult to prove in case of disputes, making written contracts essential. The speaker emphasizes the importance of documenting all agreements to avoid complications. They share a personal experience of losing approximately $3,000 due to a lack of a written contract, which served as a hard lesson learned within their first six months of business. The speaker advises that everything should be put in writing to prevent similar issues.

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