A general contractor agreement is, as the name implies, generally an agreement between the owner of real estate and a building contractor for services to manage the construction (and sometimes the design) of a residential or commercial building according to certain specifications or plans provided by the owner.
A general contractor agreement includes a description of the scope of the work to be performed; the materials to be used; the general contractor’s obligations to hire and manage subcontractors to construct the various components of the building; the payment terms for the construction of the building and the management of the construction; the time for completion of the work; insurance requirements; and the filing and removal of mechanic’s and materialmen’s liens (also known as construction liens or contractor liens) for labor and materials provided to improve the real estate.
In Mississippi, a general contractor agreement is a legally binding contract that outlines the relationship and obligations between a property owner and a general contractor hired for construction projects. This agreement typically includes detailed information about the project scope, materials, subcontractor management, payment schedules, completion timelines, insurance requirements, and provisions related to mechanic's and materialmen's liens. Mississippi law requires that certain construction projects must have a written contract, especially when they exceed a certain monetary value. The Mississippi State Board of Contractors regulates the licensing of contractors and enforces standards for construction contracts. It is important for both parties to clearly understand and agree upon the terms to avoid disputes. Additionally, Mississippi lien law, found in Title 85, Chapter 7 of the Mississippi Code, provides the framework for filing and enforcing construction liens to ensure that contractors and suppliers are paid for their services and materials.