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Agreement. The contractor agrees to perform certain construction, alteration or repair work (referred to as the "work") in accordance with this Contract. A construction contract is a written agreement between the owner or client and the contractor.A construction contract is a legal document that outlines, in detail, the parameters of a construction project. This section breaks down how the total cost of the renovation project will be paid. Informal Form Contract Templates. For example, a costplus contract could include a clause that limits total costs to a guaranteed maximum price. Contractor further agrees to complete the work of this Contract Agreement within ____ days after starting work.