04/27/2022
A construction agreement is an agreement between the developers and their builders.
The agreement should contain several sections of clauses defining the scope, terms, and conditions of the project, including:
🔹 What work will be done
🔹 When it will start and be completed
🔹 Which parties will participate in the construction process
🔹 The cost of labor and materials
🔹 How the parties will communicate
🔹 Procedures for changing the scope of work or other parts of the agreement
🔹 How disputes will be resolved
A contract agreement protects both parties involved in construction work. It defines your scope of work, outlines terms for payment, and provides methods of settling disputes.
Without a proper contract, any disagreements or miscommunication over the work involved in the project, schedule, missed or late payments, or other concerns could turn into a major legal battle.
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