Construction Contract 2
Construction Contract 2 : A legal document which specifies the what-when-where-how-how much and by whom in a construction project. A good construction contract will include: (1) The contractors registration number. (2) A statement of work quality such as 'Standard Practices of the Trades' or 'according to Manufacturers Specifications'. (3) A set of Blue Prints or Plans. (4) A construction timetable including starting and completion dates. (5) A set of Specifications. (6) A Fixed Price for the work, or a Time and Materials formula. (7) A Payment Schedule. (8) Any Allowances. (9) A clause which outlines how any disputes will be resolved. (10) A written Warrantee
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