Forensic Tip of the Month: Proceed Into Construction Contracts With Caution
Let’s take a look at pointers involving construction contracting.
As we continue in the first quarter of the New Year, let’s take a look at some pointers involving construction contracting. It is still mission-critical that alarm contractors be aware and experienced in the fundamentals of construction projects as it relates to the rules of the road for this particular type and scope of work.
That being said, having an alarm contract executed may not be sufficient enough to help protect you when bidding on new projects that have their own terms and conditions in favor of the contractor and/or owner, which in many instances supersede your agreements. In other words, the terms, conditions and limitations subsumed within your contracts are moot.
Therefore, make sure that you do not agree to anything in these types of contracts, either knowingly or unknowingly, no matter how big or small the project is and no matter how much you want the job, without first consulting a lawyer who can carefully navigate you through this entire process.
Otherwise, you may end up exposing your company to significant liabilities, which could wreak havoc and cause financial hardship and loss to your business. Just remember, the big print giveth and the small print taketh away.
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