Q:

What are the benefits of viewing sample construction contracts?

A:

Quick Answer

Viewing sample construction contracts helps educate parties interested in building, renovating or demolishing a structure about the legal obligations that such documents entail. Sample construction contracts can be viewed at the Rocket Lawyer Inc. and Onecle Inc. websites.

Continue Reading

Full Answer

Construction contracts are legal documents between a contractor and contractee that clearly define the obligations of each party. These documents are designed to protect the signing parties from cost overruns, delays, material shortages and accidents on the work site. They also outline the nature of payment to the contractor and a timeline for completion of the project. Understanding the nature of a construction contract prior to signing off on one benefits both signatories, as it prevents misunderstandings of obligations and costly legal entanglements.

Construction contracts generally specify the exact nature of the work to be done. This work may include bid analysis and the coordination of subcontractors and architects, the preparation of the construction site prior to development and the oversight of the main construction phase. These contracts also typically contain clauses requiring all parties to operate within the boundaries of legal building codes enforced in the region. They may also include clauses pertaining to the confidentiality or indemnification of parties operating under the contract.

Learn more about Building Materials

Related Questions

Explore