Construction Agreement Template [Nigeria]
Updated June 25, 2023
This Agreement outlines the terms and scope of a proposed real estate construction project between the Client and the Contractor. The Client, typically the property owner, intends to develop a project on the property, and the Contractor has been hired by the Client to construct the project.
It is preferable that the parties to the Agreement are corporate entities rather than individuals in order to protect the financial and legal interests of the parties involved and to help avoid any potential misunderstandings or disputes.
How to use this
A business owner in a construction business can use this agreement to enter into agreements to develop properties. This agreement should highlight the following terms as agreed and negotiated by the parties:
- Project Description
- Project Cost and Payment Terms
- Construction Scope
- Dispute Resolution Mechanism
- Cancellation and Termination Policy
- Insurance Policy
- Defects Liability Period and Payment of Retention Sum
Other names for
- Construction Contract
- Independent Contractor Agreement (where it is just a single contractor)
Applicable Laws in Nigeria
- Land Use Act
- Property and Conveyancing Law of 1959 applicable in old Western states of Nigeria.
- Conveyancing Act, 1881 applicable in old Eastern states of Nigeria
- Registration of Title Law of a State. E.g. Land Registration Law, Lagos State, 2014.
- Contract Law of a State
- Urban and Regional Planning and Development Law of a State; e.g. Urban and Regional Planning and Development Law of Lagos State.
- Insurance Act
- Labour Act
- Employees Compensation Act
- Factories Act
- National Building Code
- Environmental Impact Assessment Act
- Public Procurement Act
- National Environmental Standards and Regulations Enforcement Agency
- Arbitration and Conciliation Act.