construction contracts

A construction contract is an agreement that sets the terms and scope of work for a construction project. This agreement is between the contractor and the person or company who hired them to do the work. Construction contracts may seem simple at first, but, as with many contracts, they can get extremely detailed and complex.

Advising HomeowneR’s Hiring a genral contractor

There are many types of construction contracts that can determine how the construction will be done and what the payment process will be. These contracts are often dependent on the type of construction project that is being done or the preferences of the owner or contractor. For instance, if you are building a condominium building, the contractor may be paid per unit rather than simply for the entire project. Conversely, for a single-family home, the contractor may be paid in a lump-sum. If the contractor also does architecture and design, that may be included in a construction contract as well.

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The specifics of these contracts can get down to the very fine details of construction materials, design specifications, construction deadlines, among other important elements. These contracts may also be between multiple parties including the owner, the contractor, multiple subcontractors, and vendors.

Construction projects can sometimes have major unforeseen problems that may make one, or even all of the parties, less than pleased with the results. It is important for construction contracts to have clear and unequivocal language to make sure that everyone has reasonable expectations and understands the risks involved. This will help streamline the process and help prevent potential legal battles in the future. GLO has the knowledge and experience to draft a strong construction contract to help prevent unclear language or undesired results.

If you already have an issue with a construction contract, it is important to make sure that everyone involved reaches an equitable solution instead of leaving a project unfinished or unpaid and with an expensive lawsuit. Construction issues can get complex quickly, and given the massive investment in construction projects, time is of the essence in getting them resolved.EXPLORE OUR CLIENT REVIEWS

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