Standard Form of Building Contract

A Standard Form of Building Contract is a widely accepted legal agreement that outlines the responsibilities and expectations of all parties involved in a construction project, such as the client, contractor, and subcontractors. It covers key aspects like project scope, payment terms, timelines, liabilities, and dispute resolution. By using a standard form, stakeholders can avoid confusion and ensure fairness, as these contracts are designed based on industry best practices. They provide a clear framework that helps streamline the building process and protect everyone's interests.