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Construction Contracts are defined as legally-binding agreements within which the structure, details, and identification of both commitments and parties involved in a construction project are illustrated. Construction Contracts typically include at least 2 entities – or parties - who agree to the expressed stipulations and terms illustrated within the text of Construction Contracts upon the endorsement or signing of the document. When dealing with construction contracts you want an attorney that is familiar with the terms as well as the process of construction. The attorneys at Robinson, Seiler & Anderson in Utah County has the expertise you need when it comes to construction contracts. Below are some of the ins and outs of construction contracts you need to be aware of.
Parties involved with the Contracts
The parties involved within construction contracts will always state the client and the contractor. The client is defined as the individual who has procured a construction project, and provides the funding for the materials. The contractor is defined as the entity responsible for the provision and completion of the construction effort – will have received goods, services, or monies whose delivery is contingent on the completion of the construction.
The components of a construction contract can vary a little depending on the type of work needing to be done. Your attorney at Robinson, Seiler & Anderson in Utah County can draft the contract to work to the needed specification of the job at hand. Most contracts are drafted for residential or commercial construction.
Basic Sections of a Contract
Each contract may vary but relatively contain the same sections. The first will be stating what type of contract this is pertaining to i.e.: Commercial or Residential Construction. Then it will describe the job specifications needed to complete the project. This section often is defined as the outline and framework of the construction project requested; oftentimes, the project scope with outline in detail all of the components of the project, including the architectural plans, process, and the expected results. The next section will refer to the expected schedule and completion of the project. The contract will end with the agreement of how the project should be funding and any contingency clauses needed for your particular situation.
For more information regarding construction contracts make sure you contact our legal firm and schedule a consultation.