General Contractor Agreement

General Contractor Agreement

A contract between a project owner and a general contractor, outlining responsibilities, scope, and payment terms.

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Description

A General Contractor Agreement establishes the terms under which a general contractor manages a construction project. It defines the contractor’s obligations, including hiring subcontractors, procuring materials, ensuring compliance with safety regulations, and maintaining project timelines. Payment structures, such as lump sum, cost-plus, or milestone-based payments, are detailed. The contract also includes provisions for change orders, liability insurance, dispute resolution, and termination conditions. This agreement is essential for setting clear expectations and ensuring that the project progresses smoothly without legal or financial disputes.