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Three Types of Real Estate Construction Contracts. There are many different types of Real Estate Construction Contracts. Understanding them is crucial if you're an individual owner or developer or contractor. Here are the three most frequently used forms of contracts, and what they refer to. A properly-drafted contract can avoid delay and expensive disputes. The most common type of contract is one for the construction of a new project. This kind of contract is always favorable to the seller since he is in charge of the title and the construction for the construction.