Construction Service Agreements
There are clients who come to us here at Howard Lewis & Petersen every day looking for help with a builder contract that they have been presented with. We are always happy to help them out with this, and we can certainly get the job done for you as well if this is something that you are struggling with at this time.
Types of Construction Service Agreements
Provo business law attorneys help their clients deal with many different types of construction service agreements. We want to help our clients understand what they may be getting into with each different type of contract. A few of the types that they may encounter include:
- Cost-Plus Contract – This is a contract under which a contractor is paid for their time on the project as well as the material costs that are associated with getting the job done. This may include some overhead costs that are associated with getting the work done, such as insurance, mileage, and other expenses.
- Guaranteed Maximum Price Contract – This is a contract that puts a cap on the amount that the buyer will need to pay for the work that they are ordering. Thus, there is literally a cap on the amount that one can charge for their service. It may be a big benefit to the person or entity buying the service, but it can pose some risks to those performing the service.
- Integrated Project Delivery Contract – This is a contract where multiple parties all agree to sign on to a single contract to get a job done. Many different parties are governed by the same contract in this case.
These are just a few examples of the types of contracts that are available out there, but there are many other types that one may see floating around as well.
What a Construction Service Agreement Should Include
Those who are looking to get involved with a contract builder and figure out how they can design a contract that will help them get the jobs done that they need to be done. It is a standardized way to help make sure every contract is set up with the exact terms and conditions that are necessary for the work that is going to be done.
It is best to get together with a Provo business litigation lawyer to see what terms need to be added to a contract in order to ensure the business’s full protection at all times. It is a good idea to list the terms of the contract, such as:
- Length of Contract – The expected amount of time that one anticipates that the contract will run with the people that they are engaging with in this contract.
- Payment Terms – The amount of money that will be paid to the individuals who enter into the contract.
- Quality Expectations – The quality that is expected to be delivered at the end of the project. It is very important to nail this down to make sure everyone is on the same page regarding what they expect to happen when the project is completed.
These are the types of things that are best drawn up with the help of an attorney. The attorney can get to work drafting the paperwork necessary to help people who may need to make sure they have a great contract to use when working with people they haven’t necessarily worked with before.
It is incredibly important to get in touch with people from Howard Lewis & Petersen if you want to have attorneys on standby who can help you out with the work that needs to get done to draw up a contract that will work well for you. Make sure you get in touch with them if you are serious about keeping yourself protected when you enter into a new contract. It is the best thing to do to make sure you don’t end up making a mistake that is difficult to retract.
