Construction contracts establish the parameters for building projects for both residential and commercial real estate. The contract must be created before the project begins and should establish the specifications for an individual project. The terms of the agreement should be negotiated so the contract is fair to both the builder/contractor and the investor/owner. The contract should set out both the details of the project to be completed as well as the cost for completion. Construction contracts divide responsibility for costs and set pricing in different ways depending upon the form that the contract takes. One common type of construction agreement is called a time and materials construction contract. A time and materials contract shifts much of the risk for cost overruns onto owners/investors. Anyone who is considering a building project needs to speak with an attorney before signing a time and materials contract. An experienced Las Vegas real estate lawyer at Pintar Albist
Posted on: Tue, 28 Oct 2014 09:56:39 +0000
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