Construction contracts are one of the most important aspects of commercial real estate. When you're ready to sign a lease or purchase a property, it's important to understand what is included in the contract.
When you're negotiating a construction contract, be sure to ask for specific details about the scope of work and the timeline. Contracts can be very lengthy, so it's important to have accurate information about what is included.
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Some other things to keep in mind when negotiating a construction contract:
– Always get written estimates from different contractors. This will help you compare costs and make sure you're getting a fair deal.
– Make sure that any penalties or extra fees are spelled out in the contract. If something goes wrong during construction, these fees can add up quickly.
– Be sure that your contractor is licensed and insured. This will protect you financially in case of accidents or injuries.
Construction planning and scheduling
When considering construction, it is important to have a plan and schedule in place. A plan will help you identify when work should start and end, as well as what needs to be done in between. A schedule will give you a timeline for each step of the construction process. Both of these documents can be created with a Construction Project Management (CPM) software program.
When creating your project plan, it is important to include the following:
-The objectives of the project
-The scope of work
-A schedule of events
To create a good schedule, it is important to first understand the project requirements. This can be done by interviewing key personnel or reviewing blueprints or other documents. Once you have a good understanding of the project, you can create a timeline that shows when each activity should take place.