Building Blocks of a Construction Contract

A well-written construction contract is crucial to any project. The key elements should include: the names and contact information of the parties involved, a detailed project scope, realistic timelines, a payment schedule, establishment of authority, an Act of God clause for unforeseen events, a dispute resolution clause, and the signatures of both parties.
This article reviews these building blocks, advising careful review, clarification, and understanding of each component before executing the contract.

A well-written construction contract is crucial to any project. The key elements should include: the names and contact information of the parties involved, a detailed project scope, realistic timelines, a payment schedule, establishment of authority, an Act of God clause for unforeseen events, a dispute resolution clause, and the signatures of both parties.

This article, by Lynn Pearcey from the AIA Contract Blog, reviews these building blocks, advising careful review, clarification, and understanding of each component before executing the contract.

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AIA Contracts Website

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