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It's good to know that builders usually give themselves 1-2 years to finish a home construction project. The Contractor shall complete all the work on the.A construction contract is a legal document that outlines, in detail, the parameters of a construction project. Builders have two options for completing work on a project: direct hire their own employees or subcontract the work to independent contractors. Fixed-price, or lump-sum, contracts. Scope of Work This section of the contract provides an exact description of the work that the contractor will complete.