Identifying and understanding the risks in a project contract is the first step to negotiating a fair and balanced agreement.
Projects can succeed or fail as a direct result of the terms and conditions agreed to by the parties. Learning to effectively negotiate a contract can protect you and your team against time-consuming and costly claims disputes. In this session, Susan will share insight and first-hand experiences on the modification of key contract clauses for various tiers and delivery methods.
Key takeaways include:
- Understand risk allocation in construction contracts.
- Identify key clauses that may affect your organization’s risks such as indemnification, conditions precedent to payment, unforeseen conditions, and damages for delay.
- Develop successful negotiation strategies to effectively negotiate a balanced contract.