Construction Contracts
Model Residential Construction Contracts As a public service to the construction industry and its residential consumers, the Construction Law Section has developed two Model Residential Construction Contracts and is pleased to make them available for the public's use.
The Lump Sum Contract, also known as a Fixed Price Contract: The owner agrees to pay the contractor a specified amount for completing the scope of work without requiring a detailed cost breakdown.
The Cost Plus Contract: The owner pays for the actual costs of the work, plus a fee for the contractor's services.