Aug 20, 2007

Essential Construction Contract Terms
Avoiding Future Problems by Addressing Key Issues


Many construction disputes can be avoided by careful planning during contract formation. The specifc terms and concepts discussed below, which are used in contract drafting, include:

(A) incorporation by reference
(B) scope of work
(C) right to stop work
(D) payment
(E) exculpatory clauses
(F) notice
(G) warranties
(H) termination for cause and convenience
(I) change orders and changed conditions, and
(J) pay-if-paid and pay-when-paid clauses

To continue reading this article please click view article document below.


Real Estate Finance Journal
View PDF