What does owner-contractor agreement mean in construction?
Short definition
An owner-contractor agreement is the prime contract between the owner and the contractor for construction work.
Longer explanation
It defines the project, scope, price, time, payment terms, contract documents, and key responsibilities between the owner and contractor.
Example in context
“The project team reviewed the owner-contractor agreement during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers