This document outlines a build agreement between an owner and contractor for the construction of a building. It specifies the scope of work.2.1 The CONTRACT DOCUMENTS, which are incorporated and made an integral part of this. CONTRACT, shall consist of the following: (a). This agreement is between an owner and contractor to construct a house, flat, or bungalow on the owner's plot of land according to an approved site plan. GOVERNING LAWS, VENUE AND DAMAGES: This Contract shall be construed. A Residential Construction Contract is used to establish an agreement between a homeowner and contractor to ensure both parties are protected. Understand common provisions in a subcontractor agreement, and download a simple template to use on your next project. What subcontractors need to know about construction contracts. How do I fill this out?