Table of Contents
513 sample contract templates you can view, download and print for free.There are contracts and agreements for many home and business arrangements, including home maintenance services, modeling and photography contracts, rental contracts, event contacts and more. Find the business legal form you need at Rocket Lawyer. With hundreds of legal forms on a variety of topics, it's quick and easy to get the legal form you need. Contracts, agreements, and forms needed to form, deliver, and close construction contracts. Architect Contract. Free-Form Letter. General Liability Release. Printable real estate forms also plays important role here. Filling them up is mandatory. Every paper related to the sale and purchase of the property is important and needs to be dealt with very carefully. Free contract to sell on land contract form should not be taken lightly. After all, these are the papers that speak the truth about the.
1. Download a Free Construction Contract Agreement Template2. The-Basics: What is a Construction Agreement?
A Construction Contract Agreement is a written document between a property owner and a general contractor, specifying the construction, renovations, alterations, or other work to be done on the property owner’s home or land. This document outlines which parties will be engaged, the price to be paid, the rights of each party, and the date construction will commence and be completed.
A simple document will identify the following basic elements:
These additional elements can also be included:
In 1945, the Georgia Supreme Court found that World War 2 did not constitute force majeure because the war was foreseeable given the world’s political state.
In addition, you can also specify how the worksite should be maintained, including supervision of the workers, storage of materials, and where waste can be dumped.
A Construction Contract Agreement may also be called:
If you are looking to rent or resell your property after construction is completed, create a custom Lease Agreement or Real Estate Purchase Agreement.
Construction Contract Agreement PDF Sample
The sample construction contract agreement below details an agreement between the owner, ‘Anthony E Cummins’, and the contractor, ‘David C Ortiz.’ David C Ortiz agrees to perform work on the property owned by Anthony E Cummins.
Construction Contract Agreement3. When Do You Need One?
You should use a Construction Contract Agreement if you are on either end of the process of building, renovating or altering a building or structure. Perhaps you’ve finally decided to build your dream home and start living happily ever after. Happily ever after might have to wait because of unreasonable contractor delays or unexpected, excessively high costs.
Or maybe you are a local contractor looking to grow your business and take on bigger construction projects. Either way, you’ll want to make sure you have an agreement in writing to act as the blueprint until construction is completed to iron out the wrinkles.
Looking for some remodeling inspiration? Check out HGTV and Pinterest for some ideas you can incorporate into your Construction Contract Agreement.
This agreement allows the parties to put into writing the exact nature and details of the work to be performed, and the responsibilities of each party throughout the course of construction. In addition, it also details the payment terms of the project. In general, there are three different types of pricing arrangements:
Lump sum: Also known as the traditional “fixed price” contract, it is the most common pricing arrangement for construction contracts. In a lump sum contract, the parties agree on a fixed price, based on the contractor’s appraisal of costs of a complete and final design. Lump sum contracts take into consideration all materials, subcontracts, labor, indirect costs, profit, and more.
Cost or cost-plus: In a cost-plus contract, the owner reimburses the contractor for all costs incurred during the construction such as materials and labor. The owner also pays an agreed upon profit margin, usually a flat fee or percentage of total costs.
Unit price: A unit price arrangement involves the parties placing a price on every unit, or relevant piece of work, such as, by item, by cubic yard, by linear foot, or per hour.
Benjamin Franklin so famously said, “Time is money.” Whichever side you are on, cut down on construction time by having a clear plan with this document.
The construction process also involves many moving parts, and clearly defining which party is responsible for what role allows for the process to go more smoothly. A few of the necessary parts that can be expressly assigned to either party include:
4. The Consequences of Not Using OneFree Contract Forms For Business
Say your contractor and his team suddenly stopped working, and he or she is demanding excessive payment for materials and labor not originally agreed upon. Or, your client, the owner, is refusing to pay you after completion of the project. Either way, you’ll want to make sure you have an agreement in writing to protect your rights. If you don’t have an agreement, you risk wasting time and money, not to mention the quality of the construction.
The success of construction depends on clearly defined expectations and schedules. Mistakes or delays affect both owners and contractors negatively, causing owners additional costs because they are unable to use the property for the intended purpose at the intended time, and causing contractors additional costs for labor and equipment.
Owners can protect against delays in construction with a liquidated damages clause in their agreement. Liquidated damages are a set amount per day that the contractor will pay to the owner for each day that construction is delayed. Rather than litigating damages in court, the owner and the contractor can agree in advance on a liquidated damages amount.
In order for liquidated damages to be upheld, the owner’s damages must be uncertain or difficult to determine ahead of time. In addition, the liquidated damages must be a reasonable amount and cannot be a penalty. And the delay in construction cannot be due to circumstances beyond the contractor’s control, such as changes in the work or extreme weather.
Here are some common causes of delays in construction:
Including a liquidated damages clause is not without risks. The amount agreed upon may not be enough to cover the full amount of damages that the owner suffered. Or it may be greater than the amount a court would have ordered. However, with a liquidated damages clause, the owner can be assured that he or she will recover some amount for delay in construction, and the contractor can limit his or her exposure.
A simple Construction Contract Agreement could help prevent and resolve some of these issues:
Free Contract Forms For ContractorsFree Contract Forms For Construction
Comments are closed.
|
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |