In the context of construction, a contract is a legally binding agreement between two or more parties that outlines the terms and conditions of a construction project. This contract typically includes details such as the scope of work, project timeline, payment schedule, and responsibilities of each party involved. Contracts are essential in the construction industry to ensure that all parties are on the same page and to protect the interests of both the contractor and the client.Contracts in construction also serve as a means of resolving disputes and conflicts that may arise during the course of the project. By clearly outlining the expectations and obligations of each party, contracts help to minimize misunderstandings and ensure that the project is completed in a timely and efficient manner. Additionally, contracts in construction are often used to establish legal rights
What is Contract?
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