Construction Contracts Supplement
Besides the obvious description of work, performance, and payments, many contracts also address several other issues. Other issues can include warranties, technical specifications, record keeping, finance charges, insufficient funds for checks, collection, and currency.
Construction contracts also often include information on how additional work will be handled, and whether it will be handled on a competitive bid basis or a time and material basis (T&M basis). Standard labor rates and overtime rates are also often listed [ . . . ]