Builders Contract

• Category: Construction - Contractors
• State: Multi-State
• Control #: US-00462-4
• Format: Word; Rich Text

Description new home construction contract template

This form is a Construction Contract. The form contains the following subjects: scope of work, work site, and insurance. The contractor's warranty is limited to defects in workmanship within the scope of the work performed by the contractor.

A construction contract is a legally binding agreement between the homeowner (client) and the construction company or contractor (service provider) for the construction or renovation of a residential property in the state of Oklahoma. This contract outlines the terms and conditions, scope of work, payment agreements, and other essential aspects of the construction project. The Oklahoma Construction Contract for Residential Construction is designed specifically for residential projects and ensures that both parties are protected and have a clear understanding of their responsibilities during the construction process. It includes specific provisions in compliance with the laws and regulations of Oklahoma. The contract typically begins with the identification of the parties involved, including the homeowner's name, address, and contact details, and the contractor's business information. The contract may also include the project address, construction start and completion dates, and any specific conditions or requirements unique to the project. The scope of work section of the contract provides a detailed description of the construction project. It outlines the specific tasks, materials, and specifications that will be utilized during the construction process. This section may also include information regarding permits, licenses, and inspections required by the local authorities. The contract also addresses various important factors such as payment terms and conditions. It outlines the total contract price, payment schedule, and any additional costs or allowances for changes or modifications to the original scope of work. Payment terms may include a down payment, progress payments at specified intervals, and a final payment upon completion. The contract also includes provisions regarding warranties and guarantees. It outlines the duration and extent of any warranties or guarantees provided by the contractor, ensuring that the homeowner is protected against any defects or deficiencies in the construction work. In addition to the standard Oklahoma Construction Contract for Residential Construction, there may be different types or variations based on the specific requirements or nature of the project. For example, there may be contracts for new home construction, home renovation, or remodeling projects. These contracts may have additional clauses or provisions specific to the type of construction work being performed. It is essential for both parties to carefully review and understand the terms and conditions of the Oklahoma Construction Contract for Residential Construction before signing. It is common practice to have a licensed attorney review the contract to ensure its legality and fairness. This helps to protect both the homeowner's investment and the contractor's interests throughout the construction project.