The most successful contracts get as close as possible to a win-win position for each party. A fair contract protects both parties’ interests while ensuring they each accept the risks over which they have control.
Square Edge identifies specific contract clauses that affect risk; knowing these, and how to negotiate terms, is very valuable for the success of the project and the clients.
There are many aspects to be addressed in a contract of a complex construction project, including design intent, indemnification, bonds, warranties, schedule, payment, insurance and dispute resolution. Contract negotiation involves give and take on behalf of both parties. Understanding the contract clauses that affect our client and project the most, with a contract that best serves both parties, and a successful project.