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Terms. This is the first section of any agreement or contract and states the names and locations of the parties involved. Responsibilities & Deliverables. Payment-Related Details. Confidentiality Clause. Contract Termination. Choice of Law.
Identifying/Contact Information. Title and Description of the Project. Projected Timeline and Completion Date. Cost Estimate and Payment Schedule. Stop Work Clause and Stop Payment Clause. Act of God Clause. Change Order Agreement. Warranty.
Timeframe or key milestones of the project; hours of work; deliverables of the project; and. way the business will pay the contractor for their services.
Identify Your Market. Before you start, define the market that you want to target. Obtain the Proper Licenses and Insurance. Plan to Make a Profit. Purchase the Necessary Equipment. Find a Source of Supply for Materials. Identify How to Fund the Activities of the Business. Market Your Services.
There are three main types of construction contract, identified according to the mechanism for calculating the sum due to be paid by the employer: lump sum contracts, re-measurement contracts and cost-reimbursable contracts.
Get it in writing. Keep it simple. Deal with the right person. Identify each party correctly. Spell out all of the details. Specify payment obligations. Agree on circumstances that terminate the contract. Agree on a way to resolve disputes.
Identifying/Contact Information. Title and Description of the Project. Projected Timeline and Completion Date. Cost Estimate and Payment Schedule. Stop Work Clause and Stop Payment Clause. Act of God Clause. Change Order Agreement. Warranty.
Step 1: Title of the Contract. The title is an important part of the contract as it shows what your contract is basically about. Step 2: Project Description. Step 3: Schedule of the Project. Step 4: Laws, Terms, and Conditions. Step 5: Review and Signatures.
Identifying/Contact Information. Title and Description of the Project. Projected Timeline and Completion Date. Cost Estimate and Payment Schedule. Stop Work Clause and Stop Payment Clause. Act of God Clause. Change Order Agreement. Warranty.