1. Four legal components are required for construction contracts to be valid include 2. The following were common forms of construction contracts: 1.... 3. 4. 5. 6. 7. ..2... , the owner will pay the builder an agreed-upon amount of money for the completion of a project that complies with a clearly defined scope of work. ........ the owner will pay to the constructor an agreed-upon of amount of money for each unit of work completed in a project. , the owner will reimburse the constructor for all costs specified to construct the project. the current value of money is higher than its future value commonly represented as a percentage of the amount owed

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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1. Four legal components are required for construction contracts to be valid include
3.
2. The following were common forms of construction contracts:
1...
4.
5.
1.
6.
7.
****
the owner will pay the builder an agreed-upon amount of money for the completion of a
project that complies with a clearly defined scope of work.
the owner will pay to the constructor an agreed-upon of amount of money for
the owner will reimburse the constructor for all costs specified
each unit of work completed in a project.
to construct the project.
the current value of money is higher than its future value
commonly represented as a percentage of the amount owed
Transcribed Image Text:1. Four legal components are required for construction contracts to be valid include 3. 2. The following were common forms of construction contracts: 1... 4. 5. 1. 6. 7. **** the owner will pay the builder an agreed-upon amount of money for the completion of a project that complies with a clearly defined scope of work. the owner will pay to the constructor an agreed-upon of amount of money for the owner will reimburse the constructor for all costs specified each unit of work completed in a project. to construct the project. the current value of money is higher than its future value commonly represented as a percentage of the amount owed
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