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9 Essential Contract Documents The Agreement. General Conditions. Special Conditions. Scope of Work. Construction Drawings. Specifications. The Schedule. Schedule of Values.
What to avoid when writing construction contracts?
What to avoid in construction contracts Unclear scope of work and specifications: An ambiguous scope of work can cause misinterpretation. Missing change order procedures: Not having change order procedures is a risk as construction projects rarely go exactly ing to plan.
Which contract is best for house construction?
Turnkey Contract or Lump Sum Contract In Turnkey or Lump Sum Contract the complete responsibility of Engineering, Liasoning, Procurement and Construction is given to a contractor. Generally homeowners prefer to give construction projects to Turnkey contracts only.
What are the 5 requirements of a valid contract?
Five main principles of Contract Law: Offer and acceptance, consideration, intention to create legal relations, capacity, and legality. Consideration contract law involves the mutual exchange of value between parties, such as money, goods, services, or promises, in order to make the contract legally enforceable.
What are the 5 elements of a construction contract?
5 elements to include in a construction contract Scope of the project. The phrase scope of work is often too generic when referring to the expectations of the work performed. Total cost and payment requirements. Project timeline. Lien law protection. Dispute resolution.
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How To Write A Construction Contract With 7 Steps Step 1: Define the Parties Involved. Step 2: Outline the Scope of Work. Step 3: Establish the Timeline. Step 4: Determine the Payment Terms. Step 5: Include Necessary Legal Clauses. Step 6: Address Change Orders and Modifications. Step 7: Sign and Execute the Contract.
What are the main elements of a construction contract?
A contract will only be legally binding upon the contracting parties if the following requirements are complied with: consensus, contractual capacity, certainty, possibility, legality and formalities. 39 The above requirements will be discussed next.
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Sample Homeowner/Contractor Provisions
Contractor agrees to remove all construction debris and surplus material from the property and leave the property in a neat and broom clear condition. 10.
The Contract Documents consist of this Agreement, the Washington University General. Conditions of Contract and any supplementary conditions, Drawings,
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