Scope of Work: Clearly define the scope of work that the corporate construction company will provide. This includes the specific services, tasks, and deliverables that the company will be responsible for during the project.
Pricing and Payment Terms: Outline the pricing structure, including the cost of materials, labor, and any additional charges. Specify the payment schedule, milestones, and terms of payment, such as due dates, accepted payment methods, and any applicable late payment fees.
Project Timeline: Provide a projected timeline for the project, including start and completion dates. Include any milestones or critical deadlines that need to be met, as well as factors that may cause delays and the process for handling such delays.
Change Orders: Specify the process for handling changes or modifications to the project scope, timeline, or pricing. Define how change orders will be documented, approved, and billed, including any associated costs and impacts on the overall project.
Permits and Approvals: Clarify the responsibility for obtaining necessary permits, licenses, and approvals required for the project. Specify whether the corporate construction company or the client will be responsible for acquiring these permissions and outline any associated costs or fees.
Warranty and Guarantees: Define the warranty period for the completed work and any guarantees provided by the corporate construction company. Specify the actions that will be taken in case of defects, failures, or non-compliance with specifications during the warranty period.
Insurance and Liability: Outline the insurance coverage carried by the corporate construction company, including general liability insurance, workers' compensation, and any other relevant policies. Clarify the allocation of liability between the company and the client for property damage, accidents, or injuries that may occur during the project.
Dispute Resolution: Specify the process for resolving disputes that may arise during the project. This may include mediation, arbitration, or litigation procedures and the jurisdiction or governing law that will apply in case of legal action.
Termination: Define the conditions under which either party can terminate the contract. Include provisions for termination due to breaches of contract, non-performance, or other valid reasons. Outline the rights and obligations of both parties upon termination.
Confidentiality and Intellectual Property: Address the protection of confidential information and intellectual property rights. Define the ownership of any intellectual property created during the project and establish confidentiality obligations for both parties.
Force Majeure: Include a force majeure clause to address unforeseen events or circumstances beyond the control of either party that may impact the project. Specify the actions to be taken and the rights and responsibilities of both parties in such situations.
Governing Law and Jurisdiction: Clearly state the governing law and jurisdiction that will apply to the interpretation and enforcement of the terms and conditions.