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The most widely used construction contract template is the sample construction contract for new residential projects. This contract is established based on the voluntary agreement of the parties involved. Explore the detailed content with Mytour in the following article.
What is a construction contract? Details of the latest 2023 sample construction contracts for new residential projects
1. Sample Construction Contract for New Residential Projects.
2. Content of the Sample Construction Contract for Residential Projects.
3. Some Notes on the Construction Contract for Building Projects.
1. Sample Construction Contract for New Residential Projects
Explore some sample construction contracts for residential projects below:
- Sample 01:
* Download the sample HERE
- Sample 02:
* Download the sample HERE
In addition, readers can also refer to the Sample deposit contract and deposit receipt for buying houses or land that we shared earlier.
2. Content of the sample construction contract for residential projects
For construction contracts in general, and specifically for contracts related to building projects (including turnkey contracts for residential construction and simple residential construction contracts), the following aspects must be ensured:
1- Legal basis applied.
2- Job content.
3- Work volume.
4- Requirements related to: quality, technical aspects of the work, acceptance, and handover.
5- Contract price.
6- Guarantee of contract performance.
7- Timeframe and implementation schedule of the contract.
8- Adjustments to the construction contract.
9- Rights and obligations of the parties participating in the construction contract.
10- Responsibilities for contract violations, rewards, and penalties for contract violations.
11- Temporary suspension and termination of the construction contract.
12- Resolution of disputes in the construction contract.
13- Unforeseeable events.
14- Termination of the construction contract.
15- Other provisions (if any).
36- Content and drafting of the turnkey construction contract for residential projects in accordance with legal regulations.
37- Some notes on the construction contract for building projects.
38- The construction contract is a written agreement between the contracting party and the receiving party to perform work (in whole or in part) in construction investment activities.
39- Based on Point b, Clause 1, Article 3 of Decree 37/2015/ND-CP, the construction contract is understood as a written agreement to carry out construction, works, construction items, or parts of construction work according to the design of the construction project.
40- Principles of signing a construction contract: for construction contracts, especially contracts for residential construction, adherence to the following principles is necessary:
41- Principle 1: Signing a contract based on voluntariness, equality, cooperation, without violating laws and social ethics.
42- Principle 2: When signing the contract, all parties must ensure they have sufficient capital to pay according to the agreement of the contract.
43- Principle 3: When signing the contract, it must be ensured that the contractor selection process is completed, and the contract negotiation process is concluded.
44- Principle 4: There must be an agreement for joint venture (in case the contractor is a joint venture), in which the members of the joint venture must sign and stamp (if any) on the construction contract (except in cases of other agreements).
45- Principles of implementing the construction contract:
46- Principle 1: The parties involved in the contract must faithfully fulfill the commitments in the contract.
47- Principle 2: Honesty, cooperation, and strict adherence to legal regulations.
48- Principle 3: The parties participating in the contract must not violate the interests of the State, the community, and the legitimate interests of other organizations or individuals.
49- Concerning the language used in the construction contract: it is Vietnamese (or Vietnamese and another language agreed upon by the parties involved).
50- In connection with this topic, readers can explore more about the Sample mortgage contract based on the value of land use rights for additional useful information.
51- Here, readers will gain a clearer understanding of the model construction contract for new residential buildings as well as how to draft a contract for practical application.
