Is there anything scarier than not understanding your construction contracts and what you are signing?
It’s imperative that you understand what’s expected of you in your contract because whatever you sign in a subcontract will be used against you. There are so many harmful contract terms and signing one bad contract can land you in a costly lawsuit—or, even worse—put you out of business. Owner and Managing Partner Karalynn Cromeens joins the Architectural Woodwork Institute in the first installment of their legal webinar series and is here to break down the bid and scope, contract documents, and everything you need to be on the lookout for in your contracts.
There are so many uncontrollable things in the construction industry that you need to be aware of, and you must stay up to date to ensure the protection of your company. There may be times when the Owner wants to modify the project. This could change the scope of your work, the amount owed for the project, or the time needed to complete the project. With the unpredictability of material costs in our construction world, it is dangerous ground for Contractors. It is crucial to have complete clarity on what is expected of you in your construction projects, and that starts with a clear understanding of your contracts!