Types of contract documents

What are the types of documents in a construction contract? How many types of contracts? What is the importance of a contract?

The contract documentation under NEC contracts comprises: The form of agreement. Conditions of contract. Prices , activities schedules , bill of quantities. Project objectives. The type of contract should meet with the project objectives.

It is an organizing document that provides a systematic way to arrange all the information found in the various contract sections. The MasterFormat Outline supplements the construction drawings by specifying common standards, explaining deviations that have been accepte detailing materials that have been accepte and citing the required testing for all materials. Letter Agreement : A letter agreement (or “letter of agreement”) is a type of contract in the format of a letter. While a letter agreement may be shorter than other contracts, it generally includes the same kinds of terms as a traditional contract (e.g., description of the goods, services or purpose of the relationship, time of performance, financial terms, etc.).

The seal represented that the parties intended the agreement to entail legal consequences. This type of contract involves a total fixed priced for all construction-related. FIDIC publishes a variety of contracts to suit the particular requirements of different types of project. The FIDIC suite of contracts and FIDIC-based contracts are the most commonly used standard forms of contracts for international construction projects, and (in some jurisdictions) are increasingly used for large, local construction projects.

Generally, these types of contracts are suitable only for construction and supplier projects which involve accurate identification of different types of items, but not their numbers, in the contract documents. These types of contracts are oftentimes used on excavation projects. Use this page to easily find the legal template you need. The Appendix usually contains sample of documents to be used for the procurement process. In most FIDIC forms there is a default hierarchy for the documents forming the contract.

Convert PDF to Editable Online. No Installation Needed. Accessible Anywhere. A construction contract is a legal agreement between the client and the contractor in the construction industry.

Each construction project should have a contract and each contract should include basic contract documents. There are a lot of construction contract types used in the construction industry. Construction contract documents define the basis of the contract including both parties’ roles, responsibilities, and detailed description of the work or service such as drawings, specifications, procedures, any other conditions, etc. By defining custom phase configurations in contract document types , purchaser managers can enforce specific business processes by type.

Statement of Work (SOW) 3. Bill of Quantities 6. CSI MasterFormat Outline 8. Creating Construction Schedule 9. Contract Agreements and Contracts 2. In general this contract is only suitable for construction and supplier projects where the different types of items, but not their numbers, can be accurately identified in the contract documents. There are three main types of employment contract : permanent employment contracts, fixed-term contracts and casual employment contracts. Documenting the specifics of the employment relationship in writing is not only a legal requirement but can also help you to protect your business and manage relationships with employees.

This is FIDIC’s first Design-build and operate contract. Other contracts in the FIDIC family include the FIDIC sub-contract, The Blue Book, which is concerned with dredging and reclamation works, and The White Book, which is for the engagement of consultants by Employers. The most common types of construction contracts in Asheville include: Unit price contract – anticipating quantities of items counted in the project.

Specifying quantities in addition to unit prices are key to these contracts. So, depending on the item quantities require negotiating a final price is determined by costs. A contract typically involves the exchange of goods, service, money, or promise of any of those.

A contract is legally enforceable because it meets the requirements and approval of the law.