A construction contract is a legally binding agreement between parties involved in a construction project, typically between a client and a contractor. It outlines the scope of work, timelines, payment terms, and responsibilities of each party. These contracts help ensure that everyone understands their obligations and the project's requirements. There are various types of construction contracts, including fixed-price contracts, cost-plus contracts, and time and materials contracts. Each type has its own advantages and risks, depending on the project's nature and complexity. Properly drafted contracts can help prevent disputes and ensure successful project completion.