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of <h1>Understanding Construction Contracts: Key Elements and Interrelated Assets Explained</h1> A construction contract is a specifically negotiated agreement for building an asset or a combination of assets that are closely interrelated or interdependent in design, technology, function, or ultimate purpose. It includes contracts for services directly related to asset construction, such as those provided by project managers and architects, as well as contracts for asset destruction or restoration and environmental restoration post-demolition. The interrelation or interdependency of assets is assessed based on their design, technology, function, or ultimate use.
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