What is the minimum dollar amount for a construction contract to be required in writing and include nine elements?

The minimum dollar amount for a construction contract to be required in writing and to include nine specific elements is $1,000. This statutory requirement is established to ensure that significant construction contracts are documented formally to protect the interests of the parties involved. When the contract is for $1,000 or more, having it in writing aids in preventing misunderstandings or disputes by clearly outlining the responsibilities, expectations, and terms agreed upon by both parties.

This requirement reflects a legal standard aimed at promoting clarity and accountability within the construction industry. Contracts below this threshold typically do not have the same level of complexity or risk, hence they may not require the formalization that comes with a written contract containing the nine stipulated elements.