Understanding and Negotiating Construction Contracts

Understanding and Negotiating Construction Contracts

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Construction is a complex business. Each project has its own unique physical and commercial considerations. Since therea€™s no such thing as a a€œstandarda€ or a€œtypicala€ 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 companya€™s interests and assets. This book will help you manage all these elements of the contract: Scope of work and schedule Terms of payment and cash flow Assurances of performance Insurance, bonding, indemnity, and warranties Changes to the contract Disputes and their resolution Damages Termination and suspension Force majeure International contracting

Title:Understanding and Negotiating Construction Contracts
Author:Kit Werremeyer
Publisher:RSMeans - 2006-09-29


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