📑 Construction Contracts 101: Clauses That Protect You
Markaz
Last Update 3 days ago
A robust construction contract can save you from legal and financial trouble.
Key Clauses to Include:
Scope of Work: Define deliverables, materials, and project phases clearly
Payment Terms: Milestone-based payments linked to site progress
Timeline & Penalties: Set deadlines and late completion penalties
Quality Standards: Specify brands, material grades, and workmanship criteria
Dispute Resolution: Include mediation/arbitration process
Termination Clause: Your right to exit in case of delays, fraud, or non-performance
Bonus Clause: Add a retention clause to hold back 5–10% payment until defect liability period ends.