Construction Contracts

Lump Sum Contracts: The contractor agrees to complete the project for a fixed price, regardless of actual costs incurred.
Cost-Plus Contracts: The contractor is reimbursed for actual costs plus a percentage fee or fixed fee.
Unit Price Contracts: Payments are based on unit prices for various components of work.
Time and Materials Contracts: The contractor is paid based on time spent and materials used, often used for projects where the scope is unclear at the outset.

Scope of Work: Defines the project in detail, including specifications, drawings, and standards to be met.
Payment Terms: Sets out how and when payments will be made, including milestones, retentions, and final payment.
Delay and Liquidated Damages: Specifies penalties if the project is not completed on time, typically a daily or weekly penalty.
Change Orders: Outlines how changes to the scope of work will be handled and how they affect cost and time
Dispute Resolution: Often includes arbitration clauses, as mentioned above.

Preliminary Discussions: Both parties negotiate terms, including scope, pricing, timeline, and risk allocation.
Drafting the Contracts: The contract is drafted, ensuring it complies with Pakistani law and meets the specific needs of the project.
Execution of the Contract: Once both parties agree on the terms, they sign the contract, making it legally binding.
Performance of Contract: The contractor performs the work according to the terms, with periodic reviews and inspections.
Completion and Closeout: Upon completion, the project is inspected, and any defects are rectified. Final payment is made, and the contract is closed.

Contract drafting: We draft construction contracts that are clear, enforceable, and compliant with Pakistani laws.
Contract negotiation: We assist in negotiating the terms of construction contracts, ensuring that the interests of our clients are protected.
Contract management: We provide ongoing support throughout the construction process, helping clients manage contractual obligations, resolve disputes, and mitigate risks.