Eliminating the Surprise Factor from Construction Contracts: Tips for Owners and Developers
On construction projects, owners and developers often are familiar with standard contract language and provisions, but the industry is continually evolving, according to a paper published by Zetlin & De Chiara LLP.
The paper discusses 10 key contract provisions and tips to help parties avoid pitfalls.
Those areas include scope of work, compliance with schedule, meeting the owner’s target for the budget, contingency, changes in the work, indemnification, insurance, dispute resolution, general conditions, and subcontract issues.