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Clear, Easily Understandable Language: All construction contracts should be understandable to all parties. The Owner's Representative (OR) is .The Owner and Contractor agree as follows: ARTICLE 1. A construction contract is a legal document that outlines, in detail, the parameters of a construction project. It is also known as a "fixed price" contract. 1.11 Contract means the entire agreement between Owner and Contractor, including all of the Contract Documents. 1.