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New home construction contract checklist

New Construction Contract Checklist 2025

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The document is a checklist for new construction contracts, outlining essential tasks and requirements such as the purchase and sale agreement, earnest money handling, title company coordination, appraisal and inspection processes, associated contract documents, and closing arrangements. It serves as a guide to ensure all necessary steps are completed for a successful real estate transaction.

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Click ‘Get Form’ to open the New Construction Contract Checklist in our editor.
Begin by reviewing the 'Purchase and Sale Agreement' section. Ensure that all required documents have been received and sent to the appropriate parties, marking each task as completed.
Move on to the 'Earnest Money' section. Confirm that earnest money has been received and delivered, checking off each item as you verify its status.
In the 'Title Company' section, ensure that the correct title company and escrow officer are identified. Open an escrow account and confirm commission dispersals.
Proceed to the 'Appraisal' section. Order an appraisal and document its successful completion for your records.
For the 'Inspection' section, order an inspection and set an appointment date. Record any results and notify builders of necessary repairs.
Complete the 'Associated Contract Documents' section by filling in any counter offers, addendums, disclosures, and agreements relevant to your transaction.
Finally, review the 'Closing' section. Ensure all appointments are arranged, closing statements are accurate, and all documents have been distributed to involved parties.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What 10 documents are part of the construction contract according to the reading?

The 10 Types of Construction Documents for Construction Projects: 1: Construction Agreement. 2: General Conditions. 3: Special Conditions. 4: Scope of Work (SOW) 5: Drawings. 7: Bill of Quantities. 9: Schedule of Values. 10: Cost Estimate.

What to look for in a new build contract?

If they are already included, review them carefully to make sure they sufficiently protect your rights or offer guidance in difficult situations. Scope of Work. Timing of Work. Payment for Work. Changes to Scope of Work. Warranty for Construction Defects. Dispute Resolution. Attorneys Fees. Contractor Default Provision.

What are the 5 essential elements of a construction contract?

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.

What should be included in a construction contract?

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.

What are the 5 essential elements of a contract?

Whether written or oral, contracts must include these elements: offer, acceptance, consideration, intention to create legal relations, and capacity to contract to be legally binding.