Construction Contract – sets forth the specifications for a building project’s construction, usually secured by performance and payment bonds to protect the owner and the subcontractors

construction contract:
(1864)

1. A contract setting forth the specifications for a building project’s construction.  *  This type of contract is usually secured by performance and payment bonds to protect both the owner and the subcontractors.

References:

Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

[2]:  Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

 

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