Legal Aspects of Contract in Construction Industry

If you’ve ever purchased a home or property of any kind, you’ll know how complex contractual law can be. Which only becomes more complicated still in the construction sector. Construction law is not only unique, but multi-faceted and in a state of constant evolution. Nevertheless, those who intend to work in construction at the highest level are expected to fully understand contractual law. It’s often the smallest details and oversights that make the difference between successful projects and those that fail to get off the ground in the first place. Not to mention, have the potential to land construction companies who don’t meet their legal obligations in serious trouble.

Explore the basics of contract law for the construction industry with this high-quality tutorial. Study a breakdown of the essential elements of a construction contract, along with the various types of contracts common to construction. Study combined lump-sum and unit-price contracts, fixed and variable contracts, management contracts, equipment rental and purchase agreements, insurance contracts, claims, profit-sharing and more.