A construction contract is a mutual or legally binding agreement between two parties, based on guidelines and conditions recorded in the form of documents. The two parties concerned are one or more property owners and one or more contractors. The owner, often referred to as “employer” or “customer”[1], is fully empowered to decide what type of contract should be used for a given development and to define the legally binding conditions in a contractual agreement. [2] A construction contract is an important document because it describes the extent of the work, risks, obligations and legal rights of the contractor and the owner. A construction contract is an agreement between a client and a contractor that defines the details of a construction project. The details of a construction contract should include all aspects of the project, including payment, the nature of the work performed, the contractor`s legal rights and more. Benjamin Franklin said so famously, “Time is money.” Whichever page you are on, reduce the construction time by having a clear plan with this document. Whether it`s a house, dwelling or condo, there`s a good chance the project will be approved by a local government or, for condominiums, by the community of owners. Bring the final plans and submit a building permit allowing construction for a certain period of time, usually 6 to 24 months, depending on the construction. Snagging refers to a process by which the owner or the owner`s agent verifies defects that the contractor must correct before the final payment is made.

The British consumer organisation Which one? notes that the most frequent problems posed by snagging surveys for residential real estate tend to concern the completion of plaster, tiles, pedestals and exterior masonry. [26] In this type of contract, the owner has more authority to monitor, inspect and review the project at regular intervals prior to final payment. Therefore, the risk is transferred from the owner to the contractor, which would be an attraction for the customer. [12] A national construction contract is an agreement that includes all work that would have to be performed for the construction of an existing commercial or residential building or taking place in a given country. is not foreign or international. The construction process also includes many moving parts, and the clear definition of which party is responsible for which role allows for a smoother flow of the process. Some of the necessary parts that can be expressly assigned to each party are as follows: the establishment of a good construction contract is a skill that every contracting authority should know by heart, whether he is a solo project owner or the director of a large construction company. Although different contractors use different checklists for establishing a contract, there are commonalities that should be respected regardless of the form of the printed contract. For most good contracts, the client starts with the most basic positions and adapts the contract to the complexity of the project. A general contractor must be registered with the state to accept work for residential and commercial projects.

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