A construction contract is a written document between a landowner and a general contractor that indicates construction, renovation, transformation or other work on the land or land. This document sets out the parties to the obligation, the price to be paid, the fees of each party and how the construction work begins and ends. Concession for the development of upgrades on the existing road system Tell your contractor and his team suddenly stopped working, and he or she asks for an excessive payment for materials and work not initially agreed. Or your client, the owner, refuses to pay you once the project is complete. One way or another, you should make sure that you have a written agreement to protect your rights. If you don`t agree, you risk wasting time and money, not to mention the quality of the construction. See the above notes on the use of the expert and also the feasibility of the possibility of changing lanes by road. Also consider protecting franchisees or tenants of gas stations or services in the event of early termination. b) The concession of rights and the obligation to plan, build, finance, operate and maintain existing roads in three phases: the success of construction depends on clearly defined expectations and timetables. Errors or delays have negative effects on both homeowners and contractors, resulting in additional costs for homeowners, who cannot use the property for the intended purpose on the scheduled date and result in additional work and equipment costs for contractors. The first road projects agreement, signed between ERA and Ningxia Communications Construction Company, is expected to cost $45 million and be finalized within three years. A construction contract is an agreement between a contractor and a contractor who defines the details of a construction project.

Details of a work contract should include all aspects of the project, including payment, the nature of the work performed, the contractor`s legal rights and more. This agreement allows the parties to write down the exact nature and details of the work to be carried out, as well as the responsibilities of each party throughout the construction. The terms of payment for the project are also mentioned. In general, there are three different kinds of price agreements: Benjamin Franklin famously said, “Time is money.” Whichever page you`re on, reduce construction time by having a clear plan with this document. For some types of construction projects, you may need administrative approvals in addition to the work contract before contractors can start working. Owners can protect themselves from construction delays with a compensation clause liquidated in their contract. Damage liquidated is a determined amount per day that the contractor pays to the owner for each day the construction is delayed.