This post is an attempt to the introduction to what the essence of a contract is for the construction industry. It need not be a sacrosanct post, however it will provide you with the essentials that could help you understand the concept. What is a contract? A voluntary, deliberate, and legally binding agreement between two or more competent parties is a CONTRACT. The highlighted terms in the above sentence are very essential in terms of the legality of the contract and the most important term by far is the word "competent", this is because if a party in the contract can prove that he is say an illiterate and was not in a position of understanding the terms and conditions for what he signed off then the Contract Document will be considered as void, thereby making the contract not legally binding. It is also essential to have 1) an offer and 2) an acceptance , for the legal acceptance of the contract, hence if an offer and an acceptance are established as implied...