Templates
Real Estate
Construction Contract Review Checklist
🔍

Construction Contract Review Checklist

1
Identify and examine the construction contract
2
Review all the terms stated in the contract
3
Approval: Legal Team for terms evaluation
4
Examine the scope of work detailed in the contract
5
Check for clear statements regarding the cost of construction
6
Inspect if the contract incorporates the construction schedule
7
Assess risk provisions such as indemnities and limits on liabilities
8
Check for warranties and guarantees
9
Evaluate the dispute resolution clause
10
Approval: Management for dispute resolution
11
Verify contractor’s insurance and bonds
12
Assess contract's provisions for delays and unexpected occurrences
13
Verify that the contract includes required licenses and permits
14
Check the contract clauses regarding sub-contractors
15
Verify the payment terms specified in the contract
16
Review clauses related to contract termination
17
Approval: Head of Construction for final contract review
18
Prepare a summary of the contract review findings