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Understanding Contract Terminology: A Guide for Homeowners
When a homeowner begins a construction project, there are many considerations to make, from the materials you’ll employ to the project’s timeframe. But an important factor that you shouldn’t overlook is the contract you’ll sign with your contractor. Building contracts are occasionally lengthy, hefty documents with difficult-to-understand legalese. But it’s crucial that you take the time to fully understand your contract’s terms before you sign it. We’ll look at some of the terminology that appears most commonly in contracts in this piece and explain why it’s important to understand it.