A general contractor contract with an owner is a crucial document that outlines the terms and conditions of a construction project. This agreement serves as a legal binding agreement between the general contractor and the project owner, ensuring that both parties are aware of their obligations and rights during construction.

The contract must be written in clear language and must cover all aspects of the project, including payment schedules, timelines, and detailed plans. The following are some essential clauses that must be included in a general contractor contract with an owner.

1. Scope of Work: This clause outlines the project`s scope and provides specific details on what the contractor will provide. It includes the project plans, material requirements, labor, equipment, and other essential details.

2. Payment: The payment clause outlines the payment schedule, payment methods, and the amount of compensation that the contractor will receive. It should also include any allowances or contingencies.

3. Change Orders: Change orders happen when the owner requests a change in the original scope of work. The change order clause outlines the process for submitting and approving changes in the project. It also outlines the associated costs.

4. Timeline: This clause outlines the timeline for completing the project, including milestones and deadlines. It should include provisions for unforeseen delays.

5. Termination: This clause outlines the terms and conditions for terminating the contract. It includes provisions for termination due to non-performance and breach of contract.

6. Warranty: The Warranty clause outlines the warranty and guarantees provided by the contractor. It should include any manufacturer warranties and the duration of the warranty period.

General contractor contracts with owners are legally binding documents that protect both parties` interests. Writing a clear and concise contract that outlines the project`s scope, payment, timelines, change orders, termination, and warranty is crucial to ensuring a successful construction project. By following these guidelines, the contractor and owner can avoid conflicts and complete the project to their satisfaction.