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A valid construction contract for real estate must also include the specific date of completion. If the date of delivery is not in line with the date of completion, the contract should be amended in order to accommodate this. In the event that it does not the contractor will not be accountable for the additional tax. The contract must also contain plans for the construction of the new building. If the contractor is unable to adhere to the deadline agreed upon and the contractor fails to pay back, it could be as a result of the infraction to the terms of contract.