When looking to construct a commercial building, there are a couple of things that you will need to consider if your project is going to be successful. Just as any other project, a contract will play an important role and should be considered to be as important as the designing, planning and management of the entire project. That is why it is essential that you get legal advice from a North Shore lawyer for building contracts when it comes to dealing with construction contracts.
A construction contract is a large and complicated document that comprises many parts and sections. It is therefore important that the contract be correctly drawn up in a way that is as fair as possible to all the parties that are involved. If any involved party is thinking of signing a construction or building contract, but is uncertain of whether they should do it or not because of how it has been collated and drafted, it is essential that they seek professional advice to ensure that their rights are fairly protected.
It is therefore essential that you consider finding a contract solicitor, and most preferably a North Shore lawyer for building contracts that is well versed with such matters, to provide expert advice in regards to the document. Nonetheless, there are a couple of things that you should be in knowledge of when it comes to construction contracts and it is essential that you grasp some of them to have an upper hand even when looking at such contracts.
From a legal expert perspective, it is essential that you first of all start learning about the basic and most critical contents any construction contract should contain for your construction project to be successful. The following are some of the things that any contract should contain and is important that you ensure that they are available in your contract.
1. Address, Full Names and Signatures of All Involved Parties
While this sounds so obvious, it is one of the most commonly overlooking aspects of the construction contract. For any such document to be legally binding, it is essential that the above information be covered and should be the first thing that you work on when it comes to reaching an agreement. Without the appropriate signatures and proper information on all the required documents, it will be very hard to get the contract hold up in a court in case of a dispute.
2. Scope Of Work
The contract is often a document that states the nature of the agreement being reached by both parties. It is essential that scope of work or nature of the contract element be included in your construction contract. Often, many people overlook the necessity of clarifying the details of the agreement being reached. You need to ensure that your contract provides great detail of the agreement and should explain the services provided and should also describe the materials used, the grade and quality of the materials used, schedule of work and all other specifications that are relevant to the building of the said property.
3. Project Cost and Payment Terms
This is one part of the construction contract that should be clear and well discussed. There shouldn’t be any confusion in relation to cost of the services included and services beyond the scope of your project. At the same time, the contract should discuss the schedule of payments, the terms and conditions of payment and the due amount.
4. Work Schedule
The contract should clearly establish when the project commences, how long it should take and by which date it should be completed. It is essential that your contract differentiates between work days and calendar days. It is also essential that the contract stipulates how things are to be handled in the event of construction delays because of issues like acquiring permits, waiting for approvals, bad weather, and easement.
As there are often many moving parts during a construction project, it can be very hard to establish who has the power to make all the decisions. That is why it is essential to ensure that you clearly establish who has more authority or power to make all the legally binding decisions before the project starts. This is one aspect that may save you lots of confusion and headache during the project.
When it comes to construction contracts, it is essential that your contract contains the above information to ensure that you stay safe and avoid complications in the future. Take time to peruse through a contract before signing it and if you are not too sure about some of the terms and conditions stipulated in a contract, take time and talk to a North Shore lawyer for building contracts. McVeagh Fleming is one of the largest and most experienced law firms on the North Shore. Take a look at their website to get some more background and then call them to arrange an initial consultation. http://www.mcveaghfleming.co.nz/