Whilst the managing of construction contracts is in the hands of the project managers and consultants on site, the fundamental foundation is a construction contract which safeguards the commercial interests of the parties. It is essential to avoiding disputes to ensure that any contract is properly drafted with clarity and conciseness as to the obligations of those involved. Whilst it might be tempting to try to tip the balance significantly in favour of one party or another by unevenly allocating risk, or allocating it to a party unable to manage it, creative workarounds are likely to be deployed to avoid the risk. Experience has shown that many of the issues can be avoided by investing time at the drafting and reviewing stage by avoiding common pitfalls.
This webinar will look at avoiding common scenarios and deploying simple measure, including letters of intent and their enforceability, key contractual terms and risks, and drafting dispute resolution clauses.