In This Issue:
- Five Major Terms Construction Contractors Need to Worry About
- Handshakes to Hashtags: The Evolution of Deal-Making in the Construction Industry
- Searching for the Escape Hatch: The Variance
- Excerpt from Five Major Terms Construction Contractors Need to Worry About:
Most contract negotiations boil down to several key terms. For construction contractors, these are five critical items that you need to carefully consider and negotiate in each of your agreements.
I. What is the Scope?
The starting place of a construction contract is the work to be performed. Remarkably, this is often poorly or inconsistently defined. Contractors should strive for a clear definition of what are the “contract documents” and what portion of the work is the responsibility of that contractor.
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