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What are some important considerations in construction contracts?

Arguably, the leading reason that construction problems occur is that the involved parties do not share the same expectations. This can happen even when a contract exists between the parties. Disagreements may arise because one or more parties did not understand the terms of the contract. Conflicts may also happen because the construction contract was not drafted properly and lacked clear language.

Regardless of the reason, disputes result in delays and stoppages that affect all of the people and companies involved. If you are a private or business property owner looking to start a new build or a renovation, you probably do not know all the ins and outs of construction law. However, you can still avoid costly disputes by having a solid, well-written contract between you and your contractors.

With this goal in mind, here are a few important elements to consider including in your construction contracts.

  • Establishing clear time frames
  • Identifying a mutually agreeable payment method
  • Establishing remedies for delays and construction defects
  • Setting the terms for materials used in the project
  • Prices, rates and any additional fees imposed by contractors
  • Arbitration clauses should any disputes arise
  • Transaction rules and information about industry procedures

You may already know how complex construction law is in Florida, but there are ways to protect yourself and your project without learning everything there is to know about the laws. Finding an attorney to help you examine your contract before you sign is one of the best proactive tools available to you. Your attorney can also guide you successfully through any legal issues if they do arise between you and your contractors.

Source: FindLaw, "Ten Things to Think About Before Signing a Construction Contract," accessed Aug. 21, 2017

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