The Arizona Contract for Construction of Building with Contractor to Furnish all Materials and Perform all Work as Required by Enumerated Contract Documents is a legally binding agreement between a property owner (referred to as the "Owner") and a contractor (referred to as the "Contractor"). This contract outlines the terms and conditions for the construction of a building in the state of Arizona, where the Contractor is responsible for providing all necessary materials and performing all required work as specified in the Enumerated Contract Documents. The Enumerated Contract Documents typically include detailed plans, specifications, and any additional documentation that defines the scope of work, design, materials, and technical requirements for the project. These documents serve as the blueprint for the construction process, ensuring that both parties are aligned on the expectations and deliverables. Here are some important keywords relevant to the Arizona Contract for Construction of Building with Contractor to Furnish all Materials and Perform all Work as Required by Enumerated Contract Documents: 1. Contractor: The party responsible for the construction work, including providing all necessary materials, labor, equipment, and supervision. 2. Owner: The party who owns the property and is seeking the construction services. 3. Enumerated Contract Documents: The detailed plans, specifications, and additional documentation that define the scope of work, design, materials, and technical requirements for the project. 4. Scope of Work: A detailed description of all the work to be performed by the Contractor, including the specific tasks, milestones, and deliverables. 5. Materials: All necessary supplies, equipment, fixtures, and components required for the construction project. 6. Completion Date: The agreed-upon date by which the Contractor is expected to complete all work outlined in the Enumerated Contract Documents. 7. Payment: The agreed-upon compensation structure for the Contractor, including specific payment milestones and terms. 8. Change Orders: A formal process for handling any modifications or alterations to the original contract, ensuring that changes in scope, design, or materials are properly documented and approved. 9. Indemnification: Provisions that outline the responsibilities and liabilities of each party in case of accidents, damages, or claims arising from the construction project. 10. Dispute Resolution: Procedures and mechanisms to resolve any disputes or disagreements that may arise during the course of the construction project, including mediation or arbitration. It is important to note that there may be variations or specific types of contracts under the Arizona law that cater to different construction scenarios, such as residential construction contracts, commercial construction contracts, or government construction contracts. These specific types may have additional provisions or clauses tailored to the unique needs of the project or the parties involved.
Arizona Contract for Construction of Building with Contractor to Furnish all Materials and Perform all Work as Required by Enumerated Contract Documents
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Three Common Construction ContractsFIXED PRICE. Fixed price construction contracts, also commonly referred to as lump sum or stipulated sum contracts, are the most common types of construction contracts.COST PLUS.GUARANTEED MAXIMUM PRICE.
The three most common contract types include:Fixed-price contracts.Cost-plus contracts.Time and materials contracts.
What Should Be in a Construction Contract?Identifying/Contact Information.Title and Description of the Project.Projected Timeline and Completion Date.Cost Estimate and Payment Schedule.Stop-Work Clause and Stop-Payment Clause.Act of God Clause.Change Order Agreement.Warranty.More items...
On the basis of validity or enforceability, we have five different types of contracts as given below.Valid Contracts.Void Contract Or Agreement.Voidable Contract.Illegal Contract.Unenforceable Contracts.
The eight types of construction contracts include:cost-plus construction contract.design and build contract.guaranteed maximum price contract.incentive construction contract.integrated project delivery contract.lump-sum contract.time and materials contract.unit price contract.
Three Common Construction ContractsFIXED PRICE. Fixed price construction contracts, also commonly referred to as lump sum or stipulated sum contracts, are the most common types of construction contracts.COST PLUS.GUARANTEED MAXIMUM PRICE.
The eight types of construction contracts include:cost-plus construction contract.design and build contract.guaranteed maximum price contract.incentive construction contract.integrated project delivery contract.lump-sum contract.time and materials contract.unit price contract.
What are the types of Construction Contracts?Lump Sum Contract.Cost Plus. Contract.Small Jobs. Contract.Large Jobs Contract.
Types of contractsFixed-price contract.Cost-reimbursement contract.Cost-plus contract.Time and materials contract.Unit price contract.Bilateral contract.Unilateral contract.Implied contract.More items...?
It is important to include a description of the payment process in the contract, including the timing, documents required, approval process, and the terms of final payment. This clause should contain language about how often payments are to be made on an on-going project.