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 New Hampshire (NH), a general contractor agreement is a legally binding contract that outlines the relationship and obligations between a property owner and a general contractor hired to manage construction projects. This agreement typically includes detailed provisions regarding the scope of work, materials to be used, the contractor's responsibilities in hiring and overseeing subcontractors, payment schedules, timelines for project completion, insurance requirements, and the handling of mechanic's and materialmen's liens. NH state statutes govern the enforceability of these contracts and the procedures for filing and enforcing construction liens. Under NH RSA 447, contractors, subcontractors, and suppliers have the right to file a lien for unpaid labor, materials, or services provided to improve property. The agreement must comply with state laws regarding contract formation, consumer protection, and construction industry regulations to ensure that it is enforceable in a court of law. It is advisable for parties entering into such agreements to consult with an attorney to ensure that the contract meets all legal requirements and adequately protects their interests.