Construction “Contract Documents” are the written documents that define the roles, responsibilities, and “Work” under the construction Contract, and are legally-binding on the parties (Owner and Contractor).
However, the contract documents also provide other important information, such as the payment schedule, insurance requirements, and dispute resolution procedures. One key difference between contract documents and construction documents is that the former are legal documents, while the latter are technical documents.
Construction documents have several purposes, including covering daily information, keeping track of a project and documenting changes, inventory tracking, permit applications, and others. These documents essentially cover the full range of your business operations from the beginning of a project until the end.
A construction contract is an important document as it outlines the scope of work, risks, duration, duties, deliverables and legal rights of both the contractor and the owner.
A legally enforceable contract must include an offer, acceptance, consideration, capacity, legality, and mutual assent.
To be legally enforceable, an agreement must contain all of the following criteria: An offer and acceptance; Certainty of terms; Consideration; An intention to create legal relations; Capacity of the parties; and, Legality of purpose.
A Georgia independent contractor agreement is a legal document that a company or individual may use to outline the terms and conditions of a job being performed by an independent contractor.
Lesson Summary. A contract is a legal agreement between two or more parties in which they agree to each other's rights and responsibilities. Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.
The (), ConsensusDocs, Design Build Institute of America (DBIA) and Engineers Joint Contract Documents Committee publish the most common forms used in the United States, while international projects often use forms available from the International Federation of Consulting Engineers ( ...