What Should a Construction Contract Include?

What Should a Construction Contract Include?

1. Name of Contractor and Contact Information.

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2. Householder Name and Contact Details.

3. Legally Describe the Property.

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4. List the Contract Annexes.

5. The Cost.

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6. The Homeowner's Failure to Receive Funding.

7. Work Description and Date of Finishing.

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8. Right to Stop the Project.

9. Payment Withdrawal Right.

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10. Corrections for Contract Infringement.

11. Requirements for Proper Licenses, Permits, and Insurance.

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12. Circumstances and God's Actions Are Unexpected.

13. Access and Inspection.

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14. Change Orders.

15. Warranties.

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16. No Liens by Subcontractors.

17. Damage Amounts and Responsibility Limitations.

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18. Disposal of All Materials and Condition Upon Completion.

19. Both Parties Sign and Date.

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What Is Construction Contract?

  • Fixed Price: a contract that contains a fixed price or a lump-sum charge for all services, including all labor and equipment
  • Price of the Unit: a contract that defines the unit costs, such as square foot costs or another unit of measurement
  • Time and Material: A contract in which the customer agrees to pay the contractor for all labor and materials at a pre-negotiated rate that is greater than what the contractor pays their employees.
  • Cost-Plus: A contract in which the customer is required to pay the real cost of labor, materials, and other charges, as well as a fixed fee or a percentage of the overall costs.
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What Is a Commercial Contractor?

What Is Bonded and Insured Contractor?

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Bond Contractor

Insured Contractor

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  1. Liability insurance covers circumstances such as contractor-caused property damage, but it does not generally pay for repairing or replacing substandard work. That is why there is a relationship.
  2. Workers' compensation compensates injured workers for lost earnings and medical costs, regardless of culpability. In the case of a work-related fatality, workers' compensation coverage will also give benefits to the contractor's family.
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What Is a Contractor?

What Is House Leveling?

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How Much Does House Leveling Cost?

What Factors Influence the Cost of House Leveling?

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How Do Costs Differ Between Pier and Beam Foundations and Slab Foundations?

Do Geographic Locations Affect House Leveling Costs?

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What Additional Costs Might Be Involved in House Leveling?

  • What House Leveling Costs?
  • Basement Foundation Repair Methods
  • Type of cracks that appeared on the structure
  • Are Cracked Tile Floors Signs of Foundation Issues?
  • Common Problems with Pier and Beam Foundations
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