A construction contract is signed between contractor and client and the format which is used to prepare is called Construction Contract Template or Construction Agreement Template. It spells out the rights and obligations of both parties in relation to work performed by the contractor. It contains all information and terms about work about which deal is making. A construction contract template defines work of contractor, duration of work, payment of work etc. When both parties show satisfaction about terms and conditions then they sign the contract and make fair deal. It is mostly used by construction companies that provide constructions services to general public or other companies. It must be in writing form and signed by both contractor and client. If one party breeches the contract then other party can legally sue a file against other party to recover the loss.
Here are few things that you must know about a construction contract. A construction contract, after acceptance from both or all parties cannot be put aside by all or any party. There are terms and conditions which govern the performance of contract. In case of any dispute, all parties can reach to someone as declared by contract to make decision on behalf of them. Moreover, the burden of proof is the duty of complaining party. There are circumstances where affecting party didn’t proof the violation made by other party and have to bear the aftereffects. Therefore, it is very critical to view the contract thoroughly to avoid any possible loss due to terms and conditions. We are presenting construction contract template with the view to help you in deciding what layout and terms and conditions you must choose to stay safe.