3 Common Mistakes Contractors Should Avoid

Download 3 Common Mistakes Contractors Should Avoid

Post on 20-Mar-2017

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<ul><li><p>MISTAKES3 C O M M O N</p><p>C O N T R A C T O R S S H O U L DA V O I D</p></li><li><p>If you are a contractor, a subcontractor, or a supplier,it is crucial to fully comprehend a construction</p><p>contract before your work begins. </p><p>This article focuses on three top traps you shouldtry your best to avoid or negotiate before signing</p><p>the contract...</p></li><li><p>1. Obtain all of the documents.Often times you will be signing a contract</p><p>that does not include the full set ofobligations that will apply to your work.</p><p>Therefore, you must always remember toask for the prime contract documents (and</p><p>any addenda involved).</p><p>If you do not obtain the primecontract documents you may remain</p><p>unaware of all the provisions,obligations, and limitations, how</p><p>they work together, and how theymay affect positively or negatively</p><p>your work.</p></li><li><p>2. Review all ProjectSpecifications.</p><p>Usually prime contracts and subcontractsinclude project specifications only by</p><p>reference, so make sure you obtain the fullspecifications on the project and youreview them before signing anything.</p></li><li><p>3. Be crystal clear.</p><p>Watch out for any ambiguity in all of thedocuments you are about to sign. Avoidjargon like customary, because eventhough parties may verbally agree on</p><p>what is customary in the business.</p><p>Therefore, eliminate vague language and stick to clearand defined terms.</p></li><li><p>Avoiding these three trapscant guarantee a 100%</p><p>iron-clad contract, but itcan certainly inform and</p><p>educate you and thepotential risks that theproject can involve you</p><p>down the road, if anythinggoes wrong.</p></li></ul>