A contract’s a contract, right? You describe what will be delivered when, how much the customer owes, and sign on the dotted line. If only it...

A contract’s a contract, right? You describe what will be delivered when, how much the customer owes, and sign on the dotted line. If only it were that simple. There are many construction contract types out there. The construction industry uses different kinds of agreements depending on the project’s scope, delivery, schedule, budget, and the parties involved.
Knowing which contract to use when is critical to ensuring a successful outcome in delivery, customer satisfaction, and profit. We’ve made things easier by compiling the eight most common types of construction contracts and detailing the pros and cons of each.