New home construction projects vary in complexity.
Since there are numerous players in the home construction process, there are an almost unlimited variety of ways to structure a construction project.
When the fundamentals of building construction are considered, the structure chosen for any construction project will, among other factors, likely result from such matters as:
time and schedule limitations
the complexity of the project
the uniqueness and technical difficulty of the project
the size and residential construction costs of the project
the ownership of the land upon which the project is to be constructed
the availability of financing and construction loans
the preferences of the owner
and the type of construction contract he will enter into.
Following is a description of some of the most common construction project structures, contracts and concepts.
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