Before finalising your selection of a builder, it’s essential to conduct a thorough review of their proposed contract. This helps to ensure that all aspects of the project are clearly outlined and agreed upon, minimising the potential for disputes or misunderstandings during construction.
The three reasons why this is important are:
01
Legal protection: A well-drafted contract outlines the rights and responsibilities of both parties, providing legal protection in the event of any disputes or issues during the project.
02
Clarity: A thorough contract review ensures that all project details, including scope, costs, timeframes, and quality expectations, are clearly defined and agreed upon by both parties.
03
Risk management: Identifying and addressing any potential risks or concerns during the contract review stage can help to prevent problems from arising during construction, ensuring a smoother and more successful project outcome.
“Contracts are not a sign of distrust, they’re a sign of clarity.” – Simon Sinek
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