Which document often outlines the agreement between a builder and the homeowner?

The construction contract is the document that typically outlines the agreement between a builder and the homeowner. This contract serves as the foundational legal document that details the terms of the project, including scope, costs, timelines, materials, and any specific agreements made regarding the work to be performed. It protects both parties by establishing clear expectations and responsibilities, thereby reducing the potential for misunderstandings or disputes.

In contrast, the purchase agreement primarily pertains to the sale of the property itself rather than the specifics of construction work, while the warranty statement focuses on the guarantee of workmanship and materials after the project is completed. The Certificate of Occupancy is a document issued by a local government agency that certifies a building's compliance with applicable building codes and standards but does not outline the contractual obligations between the builder and homeowner.