Practical Tips: What Are the Five Most Important Construction Contract Clauses?
On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in General on Oct 22, 2014.
Reviewing construction contracts is a regular part of my practice as a construction attorney. From limited reviews of specific provisions to preparation of an entire array of form contracts, I have seen many different contract clauses and methodologies to evaluate them. In the end, contracts are about the allocation of risk. While the Rules of Professional Conduct prohibit me from giving legal advice as part of this blog, there are some clauses that commonly draw more attention when time is limited in the contract formation stage. Here are the top 5:
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