Contracts
Construction Contract
A legally binding agreement between the owner and the contractor that defines the scope, schedule, price, and terms of a construction project.
What is a Construction Contract?
A construction contract is a legally binding agreement between the owner (or the owner's representative) and the contractor that defines:
- **Scope** — what work is included and excluded
- **Schedule** — start, finish, and milestone dates
- **Price** — lump sum, GMP, cost-plus, or unit price
- **Terms** — payment, retainage, change orders, disputes
Common Forms
- **AIA** — American Institute of Architects contract family
- **ConsensusDocs** — industry-standard contract family
- **EJCDC** — Engineers Joint Contract Documents Committee
- **Custom** — owner-drafted
Related Terms
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