Construction contract, in legal terms, is a legally binding agreement between two parties regarding the construction of a building, infrastructure, or other types of construction projects. It outlines the terms and conditions of the project, including the scope of work, timeline, payment structure, and other important details.

The construction contract has a significant impact on the construction industry and business operations. It is the foundation of any construction project, and it sets out the legal obligations of the parties involved. It is crucial to ensure that the terms of the contract are clearly defined, and the risks associated with the project are allocated appropriately.

For more detailed information about construction contracts and their legal implications, please contact TD Law Firm.