Skip to content

The Importance of Construction Contracting

Construction contracting is the deliberation and implementation of a binding agreement between a contractor and a client. A well-written contract should define the expectations, risks and obligations of each party. A complex project may include multiple contracts, which could pose serious legal ramifications for a party that breaches any part of the contract. The importance of construction contracting cannot be understated, as this topic is an essential component of any construction business.

There are many benefits to having a well-written and concise contract for every construction project. A contract provides a clear plan on how a job will be performed and how the work will proceed, deterring potentially costly risks. A proper contract will diminish assumptions and ensure that each party has full knowledge of expected building costs and schedules. And if the contracting parties end up in a legal dispute, a clearly written contract may lead to a less costly resolution, as the terms of the agreement are in writing.

Construction contracting is an integral part of project management and an important part of doing business. It is also one of the core classes included in the LSU Post-Baccalaureate Certificate in Construction Management online program. Construction contracting is an important component of the PBC because a successful construction business cannot operate without contracts. The online PBC program is designed to convey the fundamental knowledge needed for a person to work as a construction manager.

The PBC classes may include Materials and Methods, Structural Technology, Construction Estimating, Mechanical and Electrical Systems, Scheduling and Cost Controls, and Construction Contracting. The PBC in Construction Management at Louisiana State University is comprised of these six courses, which convey the basic skills and knowledge needed to enter into the construction industry. This program will prepare career change graduate students for a transition into the bustling and energetic field of construction. The non-traditional aspect of the online PBC program is that students can complete the program anywhere in the world, and it is especially convenient for deployed military personnel.

Learn more about the LSU PBC in Construction Management online program.


Sources:

Ward and Smith, P.A. — Attorneys at Law: The Importance of Construction Contracts and Items to Consider When Preparing Construction Contracts

Louisiana State University — Bert S. Turner Department of Construction Management: Post Baccalaureate Certificate in CM


Have a question or concern about this article? Please contact us.

Request More Information!
Request More Information!
*All fields required.

or call 877-670-4521

By submitting this form, I agree, via my digital signature, that Louisiana State University (LSU) may email me or contact me regarding educational services by telephone and/or text message utilizing automated technology at the telephone number(s) provided above. I understand this consent is not required to attend LSU.