The Real Estate Encyclopedia
Construction Contract
Category - Real Estate Glossary - Real Estate Terminology
A legal document used in construction project. Usually includes: The contractors registration number, A statement of work quality such as 'Standard Practices of the Trades' or 'according to Manufacturers Specifications., A set of Blue Prints or Plans, A construction timetable including starting and completion dates, A set of Specifications , A Fixed Price for the work, or a Time and Materials formula,. A Payment Schedule. , Any Allowances. ,AA clause which outlines how any disputes will be resolved. And a written Warrantee.
Real Estate Glossary - Real Estate Terminology
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