Common Contracts

Contract sample docx

July 8th, 2022

• Filed
  July 8th, 2022

Updated June 26, 2022A construction contract is used by a client seeking to build or remodel a property with the hired help of a general contractor. The agreement will detail the general contractor’s scope of work including, payment, and rights to subcontract any of the tasks involved in completing the construction. All details of the work should be included in the contractor’s agreement. If there are any work orders or plans they should be attached in addition to any permits acquired from the local government to begin work. 4 Types of Construction Contracts Fixed Price Cost Plus Time and Material Unit Pricing 1. Fixed Price A price is given for the services provided. This is a lump sum that covers all materials and labor. 2. Cost Plus The client agrees to pay “at cost” for the contractor’s materials, labor, and any other expenses. The contractor will profit by being paid a percentage of the total costs or a fixed fee. The client may also add a clause stating the total construction cos