Contract Administration
Standard Form of Building Contract
Quick Definition
"Industry-vetted contract templates that provide a legal framework for construction projects, ensuring fair risk allocation and clarity."
A pre-drafted, industry-approved agreement template developed by professional bodies (such as the JBC or FIDIC) for repeated use. These contracts establish a fair balance of risk, define the roles of all stakeholders (Employer, Architect, Contractor), and provide established procedures for variations, payments, and dispute resolution, significantly reducing the need for bespoke legal drafting.