The Contract Agreement Between Owner And Contractor serves as the primary legal instrument governing construction projects in the United States. This document is essential when any significant construction, renovation, or improvement work is being undertaken. It protects both parties by clearly defining scope, cost, timeline, quality standards, and risk allocation. The agreement must comply with federal construction laws, state-specific contractor regulations, and local building codes. It typically includes detailed specifications, payment schedules, insurance requirements, and dispute resolution procedures.
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1. Parties: Identifies and defines the Owner and Contractor with full legal names and addresses
2. Background: Describes the context of the agreement and the project to be undertaken
3. Definitions: Defines key terms used throughout the contract
4. Scope of Work: Detailed description of the work to be performed by the Contractor
5. Contract Sum: Total amount to be paid and payment terms
6. Time of Performance: Project schedule, completion dates, and milestones
7. Insurance and Bonds: Required insurance coverage and bonding requirements
8. General Conditions: Standard terms governing the construction process
1. Alternative Dispute Resolution: Procedures for resolving disputes through mediation or arbitration instead of litigation
2. Liquidated Damages: Predetermined damages for breach of contract or delay in completion
3. Green Building Requirements: Sustainability and environmental standards for construction
4. Force Majeure: Provisions for handling unforeseeable circumstances and events beyond parties' control
1. Schedule A - Drawings and Specifications: Detailed technical requirements and architectural drawings
2. Schedule B - Payment Schedule: Detailed breakdown of payment milestones and amounts
3. Schedule C - Project Timeline: Detailed project schedule with milestones
4. Schedule D - Insurance Requirements: Specific insurance coverage requirements and limits
5. Schedule E - Material Specifications: Detailed list of approved materials and suppliers
6. Schedule F - Safety Requirements: Site-specific safety protocols and requirements
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