Understanding and Negotiating Construction Contracts

Construction is a complex business. Each project has its own unique physical and commercial considerations. Since there’s no such thing as a “standard” or “typical” construction project, construction contracts should also not be considered standard. The contractor must carefully manage both in order to have a successful outcome and protect the company’s interests and assets. <p>This book will help you manage all these elements of the contract:</p> <ul type=”disc”> <li>Scope of work and schedule</li> <li>Terms of payment and cash flow</li> <li>Assurances of performance</li> <li>Insurance, bonding, indemnity, and warranties</li> <li>Changes to the contract</li> <li>Disputes and their resolution</li> <li>Damages</li> <li>Termination and suspension</li> <li>Force majeure</li> <li>International contracting</li> </ul>