Understanding and Negotiating Construction Contracts: A Contractor's and Subcontractor's Guide to Protecting Company Assets
Understanding & NegotiatingConstruction ContractsKit WerremeyerA Contractor's & Subcontractor's Guide to Protecting Company AssetsA practical desk reference to help identify and evaluate risky commercial terms and conditions, then negotiate or get help to resolve them.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 not be looked on as standard either. They must be carefully managed in order to have a successful outcome and to protect the company's interests and assets.This book will show you how to identify, understand, and evaluate high-risk terms and conditions typically found in construction contracts—then negotiate to lower or eliminate the risk, improve terms of payment, and reduce exposure to claims and disputes.You don't have to be a lawyer to understand the risks and to be able to negotiate better and less risky commercial terms and conditions. The author has written this book without using "legalese," instead providing real-life examples you can relate to from actual projects????—from small residential and retail to large commercial, industrial, and international work.This book will help you manage all these elements of the contract:Scope of Work & ScheduleTerms of Payment & Cash FlowAssurances of PerformanceInsurance, Bonding, Indemnity, & WarrantiesChanges to the ContractDisputes & Their ResolutionDamagesTermination & SuspensionForce MajeureInternational ContractingAbout the Publisher:RSMeans is the foremost source of construction cost information in North America, with 27 annual cost data products, a nationwide seminar program, and consulting services. Means also offers a library of reference books on construction estimating, project management, and many other topics.