Don’t Build Without It! Why You Need a Contract for your Building Project (+ FREE Sample Contract Template)
Hello again?!
Before you dive into construction, there’s one important step that shouldn't be skipped: signing a contract.
Yes, paperwork can feel like a drag, but trust us, having a proper contract in place protects both you and your builder.?
It lays down the groundwork (pun intended ??) for a smooth building process and prevents conflict and?surprises down the road.
A contract isn’t just a piece of paper -?it’s your project’s safety net.?
Think of it as the rulebook that keeps things fair and clear for both sides.
Want to make sure your construction contract is solid?
The next time you're presented with one (or have to create one yourself), make sure these are included:
1. Detailed Scope of Work?????
The scope of work lays out?what will be done at each stage to get the project completed.?
Don't just assume that something is included, make sure it's clearly?written into the project scope
2. Timeline for Completion???
Your contract should have realistic deadlines and an agreed-upon timeframe. But there are a lot of external factors that can delay a project.?
Having a timeframe and regular updates from your building team will help you know when to be concerned by?delays?
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3. Payment Amounts & Milestones???
A good contract will have a detailed breakdown of costs and a payment schedule based on progress.?
This way both you and your builder are clear when payments are due
4. Change Management????
There might be delays or the need for adjustments. The contract should specify how these situations will be handled and how the associated costs will be treated?
5. Liability Clause????
Make sure your contract states who will be held responsible for any injuries or damages that happen on-site.?
6. Dispute Resolution Process???
Even the best-laid plans can hit bumps.?Make sure your contract outlines how disputes will be handled—whether through arbitration, mediation, or legal action.
So,?to help you out,?we’re giving you a FREE Sample?Contract template?that covers all the basics.
Its a good starting point that you can customise based on your specific project.
Enjoy!
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