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General Agreement Construction Contract Template

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Use the links below to check if the person is licensed to practice in the state: the inclusion of a lump sum damages clause is not without risks. The agreed amount may not be sufficient to cover the entire damage suffered by the owner. Or it may be higher than the amount a court would have ordered. However, with a lump sum indemnification clause, the owner can be assured that he or she will recover a certain amount to delay construction, and the contractor can limit his or her risk. B. The property for the construction to be completed is in: E. Once final payment is received for this contract, the parties involved are released and released from all claims for the work performed. For some types of construction projects, you may need government approvals in addition to the construction contract before contractors can start working. Package: Also known by the traditional name of “fixed-price contract”, this is the most common price agreement for works contracts….

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