Business & Finance Renting & Real Estate

The General Contractor and Contract

Every construction project being undertaken by two parties need a contract especially when the project has a deadline imposed on the general contractor. It is essential in a project for these reasons:

1. Each member of the party knows clearly his/her responsibilities and obligations.

2. It safeguards the rights of everyone concerned.

3. In case of any failure to comply, the aggrieved party can file a complaint in court.

How do you write a construction contract?

1. The easiest way to do this is to hire a lawyer who is specialized in making contracts for general contractors. The money you spend will safeguard your investment.

2. If you intend to save, you might decide to write the contract yourself. Be sure to make one that is correct. Do some research in using the internet; find a template to start with. This will include the text of the contract and it is up for you to fill up other details.

3. Include all particulars details: date & amount of payment, deadline for the completion of the work and delivering the project the way you want it to be done. This should be clear to the general contractor.

4. Contracts must have the signatures of both parties; you and the contracting firm. Affix signatures on the dotted line in the presence of a legal representative as witness and he should also affix his signature on two copies of the contract. Each party has his own copy.
5. In case of changes, write contract that allows a certain degree of flexibility. There are factors that cannot be controlled as schedules might be affected by bad weather, delay in arrival of materials, road blocks or other man and nature-made causes. So just be aware that a little flexibility will likely be required.

A professional and reliable general construction company should always be willing and able to get into a contract with clients. From the very start this should be made clear that a verbal agreement or even a written one without a contract to be duly notarized will not be acceptable. This gives a message to the contractor that you know what you want from start.

This guideline will help you prepare your construction contract. Your general contractor must read its content so he will know his responsibilities. And he will agree to terms and affix his signature.
If the general contractor [http://industrialflooringusa.com/general-construction/] gives you a standard contract be sure to go through all the details especially those in fine prints. If there is any part that are vague, have them clarified. You have also the option to change conditions that are to your disadvantage.

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