A construction contract can also formalize relations on investment in construction, since the law does not prohibit concluding multilateral or mixed contracts.
When investing in construction, there is usually a developer who has rights to the land plot, and an investor who invests money in the project. Often, a contractor is hired directly to perform the work.
In a construction contract, all these parties can be combined, clearly defining their rights and obligations, the procedure for relationships and settlement of disputes, and the distribution of shares in the created object. In this case, the contract may have the characteristics or elements of an investment agreement – everything that concerns the investor’s investments, their use (exclusively targeted), the return on them and the procedure for using the constructed premises.
In its pure form, a construction contract is an agreement under which the contractor undertakes to build a certain object on behalf of the customer.