North Carolina Construction Contract — All Prime Contracts are written agreements between a contractor and the owner of a construction project. These contracts are designed to protect both parties from any potential disputes or misunderstandings during the construction process. The contract outlines the scope of work, deadlines, payment terms, insurance requirements, and other important details. There are two main types of North Carolina Construction Contract — All Prime Contracts: Design-build and Lump-sum contracts. Design-build contracts are typically used when the owner requires a customized design and/or construction approach, while lump-sum contracts are more cost-effective and are typically used for more straightforward construction projects. Both options offer the owner and contractor legal protection and a clear understanding of project expectations.
North Carolina Construction Contract — All Prime Contracts are written agreements between a contractor and the owner of a construction project. These contracts are designed to protect both parties from any potential disputes or misunderstandings during the construction process. The contract outlines the scope of work, deadlines, payment terms, insurance requirements, and other important details. There are two main types of North Carolina Construction Contract — All Prime Contracts: Design-build and Lump-sum contracts. Design-build contracts are typically used when the owner requires a customized design and/or construction approach, while lump-sum contracts are more cost-effective and are typically used for more straightforward construction projects. Both options offer the owner and contractor legal protection and a clear understanding of project expectations.
