| 释义 |
construction contract
contract for constructionAn agreement between the owner and contractor in which the contractor agrees to construct the owner’s building (or other described project) in accordance with the contract documents and within a specified time, for a mutually-agreed upon consideration to be paid by the owner.construction contract
construction contractA contract for construction services. A good one should contain the following information:
• The names of the parties
• The contractor's registration number
• Ageneral description of the work to be performed
• Astatement of the quality, such as “standard practices of the trades”
• Aset of blueprints and engineering plans
• Aset of specifications
• Adescription of responsibilities for oversight and management
• Atimetable
• Afixed price for the work or a formula such as time and materials
• Definitions of terms, such as “time to exclude/include commuting time”
• The process for pricing and approving change orders
• Payment schedules
• The process to be used for dispute resolution
• Remedies in the event of default
• The terms of any warranties |