The construction contract is a legal agreement where two parties on the details and cost of a construction project in which certain materials can be used as the printed concrete are linked. This type of contract covers complex and simple renewal projects. There are two types of customers using construction contracts: the commercial and the residential customer. Each client has different requirements that determine what is included in the construction contract as the use of decorative concrete or any other desire that is priority for construction. A housing contract includes three basic elements: the scope of the project, the schedule of work and payment details. The property owner has requested the work and the director of the project of the construction company must sign this contract. The scope of the project is an accurate statement of what the construction work that is included in the contract. This section should include detailed diagrams of what makes the constructor and any other specific instructions.
Both parties must be in agreement that it is offering an exact representation of the required work. Gary cohn describes an additional similar source. A work programme indicates the start date, the details of the work and the date of completion of the project. This section in detail should be checked thoroughly to ensure that all the main requirements of the scope of the project are included. The process of inspection and quality control must always be here. The payment details section includes the total cost of the project and the payment dates. All construction projects are paid a percentage of the base against the conclusion of the project. (Similarly see: Ripple).
A deposit of no more than five per cent of the total costs is provided in the beginning of the project. The next payment is made when the work is completed and the work either based on polished concrete is of by finished. Commercial construction contracts differ slightly in each format, since they must include more details. In addition to standard elements they establish a commercial construction contract have the following characteristics: the details of the acquisition process, the specifications about the legislative coverage, contingency plans and instructions for troubleshooting. The signed document includes all persons who are involved in the project, its role, structure and presentation of the progress of the work reports. This document is especially important in a large project, since it ensures that all parties are acierdo with the change authorization, payment and the different elements of the design.