A fixed-term agreement signed between two parties, according to which each party entails duties and obligations, and each party is entitled in return for specific rights and benefits. The agreement also includes specific conditions that the two parties are bound by.
An agreement governing the technical, financial and legal relationship between two or more parties to accomplish a certain work for a specific wage, provided that the work is not in violation of the law.
Contracting parties in construction contracts:
- The Owner
- Contractor
- Consultant
Construction Contract Documents:
- Contract Form
- Design Drawings
- Technical Specifications
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