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Agreeing Contract Terms with the Builder Print E-mail
Written by Datum Montenegro   
Monday, 16 April 2007

The construction contract is the corner stone for a successful project, but it is often not given the attention it is due. Standard construction contract from a builder will be more favorable to him and offer you little protection.

Our role is to negotiate the best terms we can on your behalf. Key clauses include the payment terms, clear specification of the work, minimal additional costs due to unforeseen work, penalty clauses, sequence of events if say the builder becomes insolvent to protect the work you have paid for, etc… Tight contract terms are in the interests of all parties to ensure there are no misunderstandings later on. Trying to sort out mistakes that are due to a poor contract can be very frustrating and expensive.

 
 
 
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