Regarding Contract

Contract Forms
The agreement (contract) is the written document, signed by the client and contractor, which is the legal instrument binding the two parties. This contract defines the relationships and obligations that exist between the client and contractor. It incorporates other contract documents by reference. The contract may require a construction performance bond for financial protection of the client in the event the contractor is unable to complete the work in accordance with the contract.The contract usually requires a contractor payment bond from the contractor to ensure that a surety will pay the labor force and material suppliers should the contractor fail to pay them. The use of this bond precludes the need for the labor force or suppliers to seek payment directly from the client, through liens or otherwise, because of nonpayment by the contractor. Certificates include those project forms that may be required for insurance, certificate of compliance, guarantees or warranties, or compliance with applicable project.
Contract Conditions
These define the rights, responsibilities, and relationships of the various parties involved in the construction process. Two types of contract conditions exist, General Conditions and Supplementary Conditions. The General Conditions have general clauses that establish how the project is to be administered. They normally contain provisions that are common practice. Definitions of project terms, temporary provisions, site security, and management process required, and warranties and guarantees are among those items addressed in the General Conditions. The Supplementary Conditions modify or supplement the general conditions to provide for requirements unique to a specific project and not normally found in standard General Conditions.