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Managing construction risks is crucial for project owners. A successful construction project – one that finishes on time, within budget and without defects in design or construction – is the utmost goal. The clearer the contract, the less likely there will be problems. When the construction contract is properly detailed and provides correct and clear information, without conflicting instructions or terms, the project is poised for success.
“The Lucky Seven” are the seven key clauses to which every owner needs to pay particular attention so that the project starts off on the right foot.
Learning objectives:
• Participants will learn about the 7 key clauses in a construction contract.
• Participants will learn why careful drafting of construction contracts is important.
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