Like any contract, negotiation of a construction contract requires balancing risk with reward. After execution, the risks that your client assumed need to be managed. Below is a simple checklist for negotiating terms of a construction contract and, then, when executed for locating the terms quickly and easily, so everybody from the CEO, to the CFO, to the Project Manager, Superintendent and project accountants can understand what risks the company has assumed and how they can be managed.
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Walter K. McDonough