Which document outlines the specifics of a construction agreement between a homeowner and a contractor?

The contract is the primary document that outlines the specifics of a construction agreement between a homeowner and a contractor. It serves as a legally binding agreement that details the terms and conditions of the project, including the scope of work to be performed, timelines, payment schedules, and responsibilities of both parties. By establishing these details, the contract helps to prevent misunderstandings and disputes during the construction process. It is crucial for ensuring that both the homeowner and the contractor have a mutual understanding of their obligations and expectations, thus safeguarding the interests of both parties throughout the project.

While the budget serves as a financial guide, the scope of work defines the specific tasks to be completed, and the change order refers to any amendments made to the original agreement, none of these documents encapsulate the comprehensive agreement like the contract does. The contract is the foundation upon which these additional documents and agreements are built.