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Y nlOHomeowner Contractse2013 Edition for use in Scotland Building contract for a homeowner/occupierSBC542ForDraftUwho has not appointed a consultant to oversee the workThe Joint Contracts Tribunal.

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A construction contract is a mutual or legally binding agreement between two parties based on policies and conditions recorded in document form. The two parties involved are one or more property owners and one or more contractors.

JCT contracts facilitate the process of constructing buildings. In simple terms, contracts set out the responsibilities of all parties within the construction process and their obligations, so it is clear as to what work needs to be done, who is doing it, when are they doing it by, and for how much.

It is always a good idea to use established contracts such as a JCT contract if you can. Similar contracts exist for architects, structural engineers and other professionals within the construction industry. These are all designed to be fair between both parties and are drafted by experienced lawyers.

A Cost Plus contract is a construction contract where the homeowner or business owner agrees to reimburse the expenses of the contractor. Aside from the building expenses, there is also an additional amount for the contractor's profit margin, hence the term “plus” in its name.

Construction contracts are an important tool which can provide certainty to a construction/renovation project as well as mechanisms to mitigate risks. They also define the relationship between the parties to the said project.

The Intermediate Contract is less detailed than the Standard Building Contract but more detailed than the Minor Works Building Contract, and therefore, it is suitable for Intermediate complexity level projects.

The Federation of Master Builders (FMB) offers simple contracts to its members so if you use an FMB-registered builder, you will get one of its small works contracts included for free.

The JCT Design and Build Contract is a lump sum contract (i.e. the total cost of constructing the works is set out in the contract) where the contractor is paid periodically. This form of contract is very popular with large developers as there is a single party with design responsibility – the contractor.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232