A construction contract is a written document between a landowner and a general contractor indicating the work, renovations, modifications or other work to be done on the land owner`s house or land. This document describes the parties who are responsible for paying the price to be paid, the duties of each party and the date on which construction begins and is completed. The terms of the agreement between the owner and the contractor include the work to be performed, construction periods, payment plans, cost escalation, delays, penalties, building materials used, etc. The inclusion of a flat-rate replacement clause is not without risks. The agreed amount may not be sufficient to cover the entire damage suffered by the owner. Or it may be higher than the amount a court would have ordered. However, with a lump sum indemnification clause, the owner can be assured that he or she will recover a certain amount to delay construction, and the contractor can limit his or her risk. In case of delay of the contractor, the defects must be eliminated and eliminated within the period indicated by the architect/owner. If the agreement is signed, it cannot be amended at a later date, unless it is agreed by both parties.

It is necessary to be satisfied with the contractual conditions enjoyed by both parties (owners and contractors). If you are not satisfied with the contractual conditions, you should be able to negotiate with the contractor. The Owner may engage and pay other persons to remedy such defects and defects, and the costs and costs arising therefrom shall be borne/corrected and/or recovered by the Contractor, on any money, including the retention indemnity, which may be due to the Civil Contractor or other costs. The contractor is responsible for the safe conservation and conservation of all materials on the site. He must compensate and indemnify the owner for all losses, damages that may result. Defects, leaks, shrinkages or other defects that may occur within three calendar months from the date of completion of the work must be eliminated and disposed of by the contractor at its own expense upon written instruction from the architect or owner and within the reasonable time indicated therein. Package: Also known by the traditional name of a “fixed price” contract, this is the most common price agreement for works contracts. In a lump sum contract, the parties agree on a fixed price based on the contractor`s assessment of the cost of a complete and final project. Contract contracts take into account all materials, subcontracts, labor, indirect costs, profits and more.

If you do not pay according to the date stated in the contract, you may want to pay the fine. Similarly, the contractor is obliged to pay a penalty if it has not completed the project within the time limit. Although the cost of different types of raw materials increases, the contractor should respect the contract and deliver it according to the schedule. In order for lump sum damages to be maintained, the damage suffered by the owner must be uncertain or difficult to determine in advance. In addition, lump sum damages must be of a reasonable amount and must not be a penalty. And the delay in construction cannot be due to circumstances that are not controlled by the contractor, such as for example. B changes in work or extreme weather conditions. 18. The owner, while retaining ownership of the land, authorized the contractor to enter the land only for the purpose of constructing an immovable. Thereafter, the owner has the right to freely enter and exercise any deed of ownership and ownership through the aforementioned residential land. .

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