A construction contract agreement is a legally binding document that sets a date and specifies which parties are going to participate in the construction process. Usually, the contract agreement is executed between the Owner of the project and the contractor or supplier that is providing the requested services and contains several sections of clauses defining the scope, terms, and conditions of such agreement.
1) Be In Writing
2) Contain a description of the product or service being offered
3) Be understood and clear between both parties
4) Include services being contracted clearly
5) Include cancellation or termination policy
6) Have financial terms clear
1) Project Description
2) Contract price
3) Payment scale
4) Schedule of construction
5) Contract document list
6) Construction scope
7) Construction conditions and responsibilities thereby
8) Contract laws