District of Columbia Basic Contract for Construction of a Building

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-13353BG
• Format: Word; Rich Text

Description

This form is a sample of a basic contract for construction of a building between a contractor and the owner of a building. The District of Columbia Basic Contract for Construction of a Building refers to a legally binding agreement entered into by parties involved in a construction project in the District of Columbia. This contract outlines the terms and conditions, rights, and obligations of all parties participating in the construction process. The District of Columbia offers various types of Basic Contracts for Construction of a Building to suit different construction projects. Some notable types include: 1. Lump Sum Contract: This type of contract specifies a fixed price for the entire construction project. It requires the contractor to complete the project within a stipulated timeframe and assumes the risk for any cost overruns or delays. 2. Cost Plus Contract: In this type of contract, the owner agrees to reimburse the contractor for the actual costs incurred during the construction process, along with an agreed-upon fee or percentage of costs. It is often used when the scope of work is uncertain or when changes are anticipated during the project. 3. Unit Price Contract: This contract involves payment based on the quantity of work completed, with unit prices assigned to various construction elements or tasks. It is commonly used when the scope of work can be accurately estimated, and the project requires invoicing based on actual quantities. 4. Design-Build Contract: This type of contract combines both the design and construction phases into a single agreement. The contractor is responsible for providing both the design and construction services, offering a streamlined approach and potentially reducing project delivery time. Regardless of the type, the District of Columbia Basic Contract for Construction of a Building typically includes key components. These include project scope, specifications, drawings, contract price and payment terms, project timeline, insurance requirements, dispute resolution mechanisms, change order procedures, and termination clauses. Adhering to the contract safeguards the interests of all parties involved and ensures a smooth and successful construction project in the District of Columbia.

The District of Columbia Basic Contract for Construction of a Building refers to a legally binding agreement entered into by parties involved in a construction project in the District of Columbia. This contract outlines the terms and conditions, rights, and obligations of all parties participating in the construction process. The District of Columbia offers various types of Basic Contracts for Construction of a Building to suit different construction projects. Some notable types include: 1. Lump Sum Contract: This type of contract specifies a fixed price for the entire construction project. It requires the contractor to complete the project within a stipulated timeframe and assumes the risk for any cost overruns or delays. 2. Cost Plus Contract: In this type of contract, the owner agrees to reimburse the contractor for the actual costs incurred during the construction process, along with an agreed-upon fee or percentage of costs. It is often used when the scope of work is uncertain or when changes are anticipated during the project. 3. Unit Price Contract: This contract involves payment based on the quantity of work completed, with unit prices assigned to various construction elements or tasks. It is commonly used when the scope of work can be accurately estimated, and the project requires invoicing based on actual quantities. 4. Design-Build Contract: This type of contract combines both the design and construction phases into a single agreement. The contractor is responsible for providing both the design and construction services, offering a streamlined approach and potentially reducing project delivery time. Regardless of the type, the District of Columbia Basic Contract for Construction of a Building typically includes key components. These include project scope, specifications, drawings, contract price and payment terms, project timeline, insurance requirements, dispute resolution mechanisms, change order procedures, and termination clauses. Adhering to the contract safeguards the interests of all parties involved and ensures a smooth and successful construction project in the District of Columbia.