Commercial Construction Contracts: What You Should Know About It
By Contracts Specialist|September 21, 2022
What is a Commercial Construction Contract?
Commercial construction contracts are made for the construction of non-residential buildings such as hotels, restaurants, and entertainment centers. These types can house many people at one time, which makes it perfect to use in commercial areas where large crowds will frequently visit or utilize this space
What are the contents of a Commercial Construction Contract?
Project Details
This includes the project name and address, and the date agreed upon to sign the contract.
Contract Information
This includes the business name and address, contact information, and other business details needed for the contract.
Customer Details
This includes customer name and address, contact information, and other customer details needed for the contract.
Terms and Conditions
This includes the due date for payment, an agreed date for progress payments, and other conditions which may require payment or can be charged.
Scope of Works
It is stated under this section the plans and specifications for the building project. This also includes a brief description of the project as well as exclusions and other clarifications.
Special Conditions
These are just simply special terms and conditions that the owner might want to include in the contract.
Insurances
The owner must indicate which aspect of the builder’s work or the building project is insured. Will the worker be compensated? Is there a Public and Products Liability? It is important that these specifications are clear in the contract.
Contract Price
Contract price must include the GST. Whether it is a lump sum contract or a cost plus one, the contract price is definitely one of the most important elements of a commercial building contract.
Provisional Sum Items
Of course, if there is still work that must be done for the project, some sort of allowance must be made. Hence, the Provisional Sum Items part of the contract. Specified work under this section may or may not be carried out.
Who can assist you with Commercial Construction Contracts?
A construction lawyer is your best choice in seeking assistance with commercial construction contracts. You must keep in mind that contracts like these are legally bound agreements. It is important that your contract is crafted in accordance with construction laws around NSW.
Moreover, these commercial construction contracts must indicate your rights. Whether you are the owner or the contractor, your rights are of utmost importance throughout the building process.
Commercial construction contracts are also useful materials in legal disputes. That is why these documents are best created under the supervision of a building solicitor.
When things suddenly do not go the way you wanted to and you seem to see a rising building dispute, your construction contract is something you can always go back to.
What can a Building Lawyer do to improve your Commercial Construction Contracts?
A building lawyer offers a variety of legal services that can truly help the client in all aspects of their building project. As for commercial construction contracts, a construction lawyer can offer the following:
Contracts Specialist
Contracts Specialist is a Sydney-based law firm specialising in building and construction. We do not only offer Construction Contract services. We also deal with matters related to Building Disputes, Debt Recovery, and Strata Law.
We are headed by our principal lawyer, John Dela Cruz, from Western Sydne, who has been practicing construction law for over 10 years now. His vast knowledge and experience can ensure you quality service, transparency, and efficiency throughout your legal situation.
So if you have questions and concerns regarding commercial construction contracts, call Contracts Specialist now!
Commercial construction contracts are made for the construction of non-residential buildings such as hotels, restaurants, and entertainment centers. These types can house many people at one time, which makes it perfect to use in commercial areas where large crowds will frequently visit or utilize this space
What are the contents of a Commercial Construction Contract?
Project Details
This includes the project name and address, and the date agreed upon to sign the contract.
Contract Information
This includes the business name and address, contact information, and other business details needed for the contract.
Customer Details
This includes customer name and address, contact information, and other customer details needed for the contract.
Terms and Conditions
This includes the due date for payment, an agreed date for progress payments, and other conditions which may require payment or can be charged.
Scope of Works
It is stated under this section the plans and specifications for the building project. This also includes a brief description of the project as well as exclusions and other clarifications.
Special Conditions
These are just simply special terms and conditions that the owner might want to include in the contract.
Insurances
The owner must indicate which aspect of the builder’s work or the building project is insured. Will the worker be compensated? Is there a Public and Products Liability? It is important that these specifications are clear in the contract.
Contract Price
Contract price must include the GST. Whether it is a lump sum contract or a cost plus one, the contract price is definitely one of the most important elements of a commercial building contract.
Provisional Sum Items
Of course, if there is still work that must be done for the project, some sort of allowance must be made. Hence, the Provisional Sum Items part of the contract. Specified work under this section may or may not be carried out.
Who can assist you with Commercial Construction Contracts?
A construction lawyer is your best choice in seeking assistance with commercial construction contracts. You must keep in mind that contracts like these are legally bound agreements. It is important that your contract is crafted in accordance with construction laws around NSW.
Moreover, these commercial construction contracts must indicate your rights. Whether you are the owner or the contractor, your rights are of utmost importance throughout the building process.
Commercial construction contracts are also useful materials in legal disputes. That is why these documents are best created under the supervision of a building solicitor.
When things suddenly do not go the way you wanted to and you seem to see a rising building dispute, your construction contract is something you can always go back to.
What can a Building Lawyer do to improve your Commercial Construction Contracts?
A building lawyer offers a variety of legal services that can truly help the client in all aspects of their building project. As for commercial construction contracts, a construction lawyer can offer the following:
- Drafting Services - If you have no idea what to include in the contract, your building lawyer can definitely lend you a hand. A construction lawyer can walk you through the elements of a building contract by providing you some sort of template to serve as guide. In addition, drafting your contract under solicitor instruction can make your contract more professional and credible.
- Reviewing Services - After drafting your contract, having it reviewed is the next step. Of course, the best person to review your commercial construction contract is still your building lawyer. With this service, a construction lawyer can point out certain details in your contract that can be added, removed, or revised.
- Legal Advice - Anyone who is new to the construction industry needs expert advice. A construction lawyer can remind you of your rights that must also be clearly written in the contract. Furthermore, legal advice will be mostly needed in case contract disputes arise. Building lawyers can advise you on the proper steps to take and discuss with you profoundly everything you need to know about commercial construction contracts.
Contracts Specialist
Contracts Specialist is a Sydney-based law firm specialising in building and construction. We do not only offer Construction Contract services. We also deal with matters related to Building Disputes, Debt Recovery, and Strata Law.
We are headed by our principal lawyer, John Dela Cruz, from Western Sydne, who has been practicing construction law for over 10 years now. His vast knowledge and experience can ensure you quality service, transparency, and efficiency throughout your legal situation.
So if you have questions and concerns regarding commercial construction contracts, call Contracts Specialist now!
