Insurance Contract Document For Construction
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FAQ
Here are four main construction contracts to choose from, plus their pros and cons: Lump-Sum Contracts. Cost-Plus-Fee Contracts. Guaranteed Maximum Price Contracts. Unit-Price Contracts.
The 10 Types of Construction Documents for Construction Projects: 1: Construction Agreement. ... 2: General Conditions. ... 3: Special Conditions. ... 4: Scope of Work (SOW) ... 5: Drawings. ... 7: Bill of Quantities. ... 9: Schedule of Values. ... 10: Cost Estimate.
6 Essential Elements of a Contract Offer. Acceptance. Awareness. Consideration. Capacity. Legality.
Elements of a construction contract Name of contractor and contact information. ... Name of homeowner and contact information. ... Describe property in legal terms. ... List attachments to the contract. ... The cost. ... Failure of homeowner to obtain financing. ... Description of the work and the completion date. ... Right to stop the project.
Five Essential Elements of a Construction Contract Full Name, Address, and Signatures of Both Parties. Though this may sound obvious, this commonly overlooked element of construction contracts is required to make the contract legally binding. ... Scope of Work. ... Project Cost and Payment Terms. ... Schedule of Work. ... Authority.