A building and construction contract must fulfill the same requirements as any other type of contract in regard to the following necessary elements:
" an agreement;
" between competent parties;
" based upon the genuine assent of the parties;
" supported by consideration;
" made for a lawful objective; and
" and in the form required by law.
Such a contract generally provides not only for the construction of the project, but also for many matters that are incidental to the project. Thus, it may provide for the carrying of liability, workers' compensation, and fire insurance policies, designating which party is responsible for obtaining particular insurance. A building and construction contract will typically specify the duties, responsibilities, and liabilities of each of the parties, as well as those of any employed architect or engineer. The amount and method of compensation is, of course, an important part of such a contract.
The New Hampshire Basic Building and Construction Contract is a legally binding agreement between an owner and a contractor that outlines the terms and conditions of a construction project. This comprehensive document serves as a blueprint for the project, ensuring that both parties are aware of their obligations and responsibilities. The contract covers various essential aspects of the construction process, including project scope, timeline, payment terms, and dispute resolution procedures. It ensures that both the owner and the contractor are on the same page regarding project deliverables, quality standards, and specifications. There are different types of New Hampshire Basic Building and Construction Contracts between the owner and the contractor, each tailored to specific project types or circumstances. These include: 1. Residential Construction Contract: This type of contract is used for projects involving the construction or renovation of residential properties, such as houses, apartments, or condominiums. It includes clauses specific to residential construction, such as warranties and homeowner association requirements. 2. Commercial Construction Contract: This contract applies to projects focused on commercial properties like office buildings, retail spaces, or warehouses. It may contain additional provisions related to commercial permits, zoning regulations, and specialized systems such as HVAC or fire suppression systems. 3. Public Works Construction Contract: Public projects, such as highways, schools, or government buildings, require a specialized contract. This type of agreement adheres to specific guidelines, regulations, and procurement processes set forth by government entities. The New Hampshire Basic Building and Construction Contract aims to protect both the owner and the contractor by establishing clear expectations, minimizing potential disputes, and ensuring that the construction process is in compliance with New Hampshire laws and regulations. Key terms and keywords to include in the content: New Hampshire Basic Building and Construction Contract, owner, contractor, construction project, legally binding agreement, terms and conditions, project scope, timeline, payment terms, dispute resolution, project deliverables, quality standards, specifications, residential construction, commercial construction, public works construction.
