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Glossary
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Construction Contract Agreement

Construction Contract Agreement

What is it?

An agreement is established between the project owner and the main contractor that contains a set of clauses defining the project scope, schedule dates, terms and conditions.

Definition

A Construction Contract Agreement is a legally binding document that outlines the terms and conditions governing the relationship between a client and a contractor for a construction project. It includes details such as project scope, timeline, payment terms, responsibilities, and dispute resolution procedures. The agreement ensures that both parties have a clear understanding of their obligations and provides a framework for managing and resolving issues that may arise during the project.

Example

Legal document outlining terms for building a new home.