Transcription of UNDERSTANDING YOUR CONSTRUCTION CONTRACT
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UNDERSTANDING YOUR CONSTRUCTION CONTRACT
1 UNDERSTANDING your CONSTRUCTION CONTRACT [what you don=t know can and will be used against you]. Law Offices of Crawford & Bangs I. INTRODUCTION This article will review several key CONTRACT clauses used in CONSTRUCTION contracts. These clauses are the most frequently litigated. Consequently, it is imperative that you understand the effects of these clauses before entering into any CONTRACT . The essential elements of any CONTRACT are 1) identity of the parties; 2) description of the work; 3) time of performance; 4) CONTRACT price; and 5) payment. Each of these elements should be clearly identified and spelled out in the CONTRACT .
1 UNDERSTANDING YOUR CONSTRUCTION CONTRACT [what you don=t know can and will be used against you]. Law Offices of Crawford & Bangs I. INTRODUCTION This article will review several key contract clauses used in construction contracts. These clauses are the most frequently litigated.
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