{"id":1623,"date":"2024-02-05T08:33:04","date_gmt":"2024-02-05T13:33:04","guid":{"rendered":"https:\/\/www.carltonbuildingservices.com\/?p=1623"},"modified":"2024-01-25T01:43:44","modified_gmt":"2024-01-25T06:43:44","slug":"commercial-construction-contract","status":"publish","type":"post","link":"https:\/\/www.carltonbuildingservices.com\/commercial-construction-contract\/","title":{"rendered":"Don\u2019t overlook this essential component of a commercial construction contract"},"content":{"rendered":"

Raise your hand if you\u2019ve ever signed a terms and agreement without reading it first. Whether it\u2019s for that new iPhone update or signing up for a gym membership, many of us are guilty of signing a contract without reading every clause. However, you don\u2019t want to do this when reviewing a commercial construction contract.<\/span><\/p>\n

If anything, you want to review a contract with a potential commercial contractor more thoroughly than usual. When reading, there\u2019s one clause that often scares or confuses clients, but is a key indicator of a transparent, easy-to-work-with contractor. This guide outlines what that clause is and other elements to look for in a construction contract.\u00a0<\/span><\/p>\n

Why You Should Review a Construction Contract<\/span><\/h2>\n

It\u2019s normal to sometimes skim over parts of contracts, especially for smaller projects or updates to terms and conditions. But in construction, you never want to do this. The fact that the person you work with on a construction project (a contractor) has the word contract in his\/her title should be an indicator that a contract is important.\u00a0<\/span><\/p>\n

Let\u2019s say you\u2019re looking for a new contractor for a commercial renovation project. You interview three different candidates in your town and when they send over a proposal and estimate, you don\u2019t read them or go with the least lengthy contract or lowest price. <\/span>This could lead to a confusing project, unexpected fees, and confusion on how to communicate with your contractor.<\/span><\/p>\n

In contrast, let\u2019s say you read each thoroughly and choose the contractor with a detailed, thought-out contract. Your renovation runs smoothly, has minimal disruption on your business operations, and finishes on budget and on time.\u00a0<\/span><\/p>\n

To experience the second scenario, you have to review the contract and look for crucial aspects.\u00a0 Your contractor\u2019s contract and estimate outline important details about your project, discuss the budget, and provide a projected timeline.\u00a0<\/span><\/p>\n

AIA Contracts<\/span><\/h2>\n

Many contractors turn to the AIA contract because it is the premier option for working with architects, clients, and subcontractors. These contracts were prepared and are constantly revised by a committee of industry professionals including architects, attorneys, engineers, and contractors over 134 years.\u00a0<\/span><\/p>\n

Given the long history and expert insight, they allow for optimal communication and faster projects. You can learn more about AIA contractors and why you should work with a contractor who uses them <\/span>here<\/span><\/a>.\u00a0<\/span><\/p>\n

Essential Components\u00a0<\/span><\/h2>\n

Now that we\u2019ve established the importance of a contract. What exactly should you look for in a construction contract? Essential information to locate includes:\u00a0<\/span><\/p>\n