What is the difference between a contractor and a principal in a construction project?

The difference between a contractor and a principal in a construction project is an important one that is defined in Minnesota construction law. A contractor is defined as a person who contracts with a principal for the performance of a construction project. The contractor agrees to provide the required labor, materials, and/or services in connection with the project in return for payment. The contractor is responsible for the delivery of the construction project as outlined in the agreement and is directly liable for any damages or losses incurred as a result of the project. A principal is the entity that is contracting the services of a contractor. This can be either an individual or a company. The principal is responsible for the oversight of the project and is responsible for any damages or losses that are incurred as a result of the project. The principal is also responsible for ensuring that the contractor is meeting the contractual obligations associated with the project. The principal will typically have ultimate decision-making authority when it comes to the direction of the project. In short, a contractor is responsible for the delivery of the construction project, while a principal is responsible for overseeing the project and is ultimately responsible for any damages or losses that occur as a result of the project.

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What is the difference between a contractor and a principal in a construction project?

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