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Design-Build Contract Agreement
Design-Build Contract Agreement
A design-build construction contract agreement is a legally binding document that outlines the terms and conditions of a construction project in which the design and construction are contracted by a single entity, typically a design-build firm. A design-build construction contract agreement should include the following elements:
Parties involved: The agreement should specify the names and addresses of the design-build firm and the owner of the project.
Scope of work: The agreement should clearly define the scope of work to be performed, including the design and construction services to be provided by the design-build firm.
Schedule: The agreement should outline the timeline for completing the design and construction phases of the project, including any milestones or deadlines.
Compensation: The agreement should specify the amount of compensation to be paid to the design-build firm for its services, as well as any payment terms or conditions.
Liabilities and insurance: The agreement should outline the responsibilities of the design-build firm with regard to liability and insurance coverage.
Termination: The agreement should specify the conditions under which the contract can be terminated, and any consequences of termination.
Dispute resolution: The agreement should outline the process for resolving disputes that may arise during the course of the project.
Governing law: The agreement should specify the jurisdiction and laws that will govern the contract.
Overall, a design-build construction contract agreement should provide a clear and comprehensive outline of the terms and conditions of the project, including the scope of work, schedule, compensation, liabilities and insurance, termination, dispute resolution, and governing law.
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