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Statute 34-1-142 in Wyoming deals with the legal requirements for contracts. Specifically, it outlines the necessity of clarity in terms and conditions to avoid disputes. Understanding this statute is essential when drafting a Wyoming Agreement to Furnish and Install Equipment, as it ensures compliance with state laws.
fledged construction contract can include as many as 10 documents specifying different aspects of the work.
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
The 9 essential contract documentsThe Construction Agreement. The agreement is the most fundamental document in a construction contract bundle.General Conditions.Special Conditions.Scope of Work.Drawings.Specifications.Bill of Quantities.Construction Schedule.More items...?
5 Key Elements Every Construction Contract Should Contain1) The project's scope.2) The cost and payment terms.3) The project's time frame.4) Protection against lien law.5) Dispute resolution clauses.
The contract should state who pays which expenses. The contractor is usually responsible for all expenses including mileage, vehicle maintenance, and other business travel costs; work supplies and tools; licenses, fees, and permits; phone and internet expenses; and payments to employees or subcontractors.
Name the four basic types of construction contracts. The four basic types of construction contracts are the lump-sum contract, cost-plus-fee contract, guaranteed maximum price (GMP) contract, and unit-price contract.
The agreement should contain several sections of clauses defining the scope, terms, and conditions of the project, including what work will be done, the project schedule, payment terms, legal requirements, how disputes will be resolved, and more.
Below are some of the common types of contract documents that should be included.Contract Agreement.Scope of Work Definition.General Conditions.Special Conditions.Bill of Quantities.Work Schedule.Drawings.Technical Specifications.More items...
Here are some of the most important construction documents for commercial projects:Bidding Documents.Construction Contractor Agreement.Architectural Drawings.Specifications.Bill of Quantities.Schedule.Work Orders.Subcontractor Application.More items...