Construction Contract

When you are developing a renovation or construction project, it's highly recommended to write down the deliverables and terms. A contract provides guidance to the owner and contractor, and can be used in renovation or construction loan transactions.

What should a construction contract include?

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 should be included in a Construction contract:

1. Parties (Contractor, Project Developer);
2. Work;
3. Contract Time;
4. Contract Price;
5. Change Orders;
6. Payment Procedures;
7. Progress Payments;
8. Final Payment;
9. Interest;
10. Contractor’s Representation;
11. Contract Documents;
12. Contractor’s Responsibilities;
13. Performance;
14. Personnel;
15. Furnished Items;
16. Equipment;
17. Labor;
18. Transportation;
19. Construction equipment; 
20. Machinery;
21. Tools and appliances;
22. Utilities;
23. Temporary facilities;
24. Materials;
25. Subcontractors;
26. Permits;
27. Inspections;
28. Taxes;
29. Use of Premises;
30. Record Documents;
31. Safety; 
32. Continuing the Work;
33. Damage to the Work;
34. Warranty;
35. Hold Harmless; 
36. Omissions of the Contractor;
37. Contractor’s Insurance;
38. Owner’s Insurance;
39. Termination;
40. Miscellaneous;
41. Signatures.

Download this sample Construction Contract template when you are developing a renovation or construction project.