What is a building contract
A building contract is the warranty that the workmanship and materials will be quality driven. The builder as per the building contract needs to get a detailed survey for the foundation work as well as for the slab and thus he will be able to avoid the escalation in price. The builder can seek variations to the contract but there are limits as to the variations as per the law.
The building contract consists of the 3 different documents. The first is the building contract which is legal and which informs of the role, responsibilities and rights of the consumer as well as the builder.
The second document is the specification which lists all what needs to be carried out and what are the items that need to be supplied as well as installed and the way the work is to be undertaken. This is a very technical document.
The third document consists of the plans and drawings which are prepared by the builder, architect or draftsperson. You need to review these drawings carefully as it ensures the details of the work which are to be done and it needs to be approved also by the building surveyor and it should bear the approval stamp.
In order to avoid confusion at a later date, it is necessary at the time of signing the contract to request for two copies of the contract documents and each of the pages of each of these documents should be signed by the builder as well as the owner.
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- Agreement Between Contractor and Subcontractor
- Agreement Not To File Liens
- Contract Where No Architect Or Superintendent
- Cost of Building
- Indemnity Contract to Protect Surety
- Instructions to Bidders
- Lease of Construction Equipment
- Termination of Contract by Owner
- Termination of Contract by Purchaser
- Termination of Contract by Purchaser 2