Understanding & 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.

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