A construction contract is a legally binding agreement between parties involved in a construction project, typically between a client and a contractor. This document outlines the scope of work, timelines, payment terms, and responsibilities of each party. It serves to protect the interests of both sides and ensures that the project is completed as agreed. These contracts can vary in complexity, depending on the size and nature of the project. Common types include fixed-price contracts, cost-plus contracts, and time and materials contracts. Each type has its own advantages and is chosen based on the specific needs of the project.