How to set up a Construction Contract between Owner and Contractor? Download this printable Construction Contract template that will perfectly suit your needs!
This is a construction contract model that can be used for renovation or construction loan transactions. Lenders should consult with legal counsel to ensure that all forms used to originate renovation or construction mortgages are appropriate and that all legal instruments are completed correctly and in compliance with applicable law.
However, legal communication is essential to individuals and companies to ensure truthful, accurate information exchange and enable morally correct decision making. This is important to give consideration to how to communicate between owner and contractor so they both remain lawful in your day-to-day construction activities.
This Construction Contract template covers the most important subjects and will help you to structure and communicate in a professional and legal way between contractor and owner. The following articles are included:
- Contract Time;
- Contract Price;
- Change Orders;
- Payment Procedures;
- Progress Payments;
- Final Payment;
- Contractor’s Representation;
- Contract Documents;
- Contractor’s Responsibilities;
- Furnished Items;
- Construction equipment;
- Tools and appliances;
- Temporary facilities;
- Use of Premises;
- Record Documents;
- Continuing the Work;
- Damage to the Work;
- Hold Harmless;
- omissions of the Contractor;
- Contractor’s Insurance;
- Owner’s Insurance;
Download this professional legal Printable Construction Contract template now and save yourself time, efforts, and possibly reduce the lawyer-fees in order to become more successful.
Using our legal templates will help you to deal with the situation! However, this Legal template will help you dealing with this legal matter, we still recommend you consider finding legal support in case you have doubts about dealing with it the right way.
Sample content Construction Contract: If Contractor does not promptly comply with the terms of such instructions, or in an emergency where delay would cause serious risk of loss or damage, Owner may have the defective Work corrected or the rejected Work removed and replaced, and all direct, indirect and consequential costs of such removal and replacement (including but not limited to fees and charges of engineers, architects, attorneys and other professionals) will be paid by Contractor.. If Contractor has not cured such breach within seven (7) calendar days from its receipt of Owner’s written notification or if such breach cannot be cured within such seven (7) day period, then if Contractor either does not begin cure within such seven (7) day period or fails to diligently prosecute cure to completion, Owner may terminate this Contract and take possession of the Work.. If Owner has not cured such breach within seven (7) calendar days from its receipt of Contractor’s written notification, or if such breach cannot be cured within such seven (7) day period, then if Owner either does not begin cure within such seven (7) day period or fails to diligently prosecute cure to completion, Contractor may terminate… This Construction contract is provided as an example and is not valid and enforceable in all jurisdictions.
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