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Can the right contract save money?

It makes sense for all parties to ensure that your construction project is protected by a legally binding agreement between you and your builder, says Mike Hardwick

Many domestic small works for extensions, loft conversions or renovations are agreed on nothing more than a handshake with a contractor you’ve only just met. However, leaving the project in the hands of a builder and relying on their experience alone to see the job through without the benefit of any sort of formal contract is a risk.

To be fair, many construction projects are successfully completed in this way, but it’s when things go wrong that you’ll wish you’d had an effective means of resolving a problem. Without a contract, it’s impossible to establish who agreed to do what, when and for how much. Here I’m looking at how these documents can help to achieve the right outcome and even save you money.

Why have a contract?

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About Build It

Plan, design and build your dream home with practical advice and inspiration from Build It magazine. Highlights in this month's issue include: - Design Secrets to Win Over the Planners - Home Extension Costs - How to Find a Project with Renovation Potential - Building Contracts: Why You Need One - Buyer's Guide to Sliding Doors - Outdoor Living Ideas - Build It magazine's own Real Life Self Build ... and more!