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My contract is with a project builder who will not agree to change the contract, is there any point getting a contract review?

31 May 2019

 

My contract is with a project builder who will not agree to change the contract, is there any point getting a contract review? Even though the builder may not negotiate the contract, it still pays to have your contract reviewed.

 

Project builders are typically unlikely to want to negotiate the terms of the contract with you. This is largely because they make their money through scale and speed. Negotiating individual contract terms slows down the process, the speed of the project and reduces its profitability.

 

However, even though the builder may not negotiate the contract, it still pays to have your contract reviewed because:

 

  • you can learn how to avoid being hit with delay damages (project builders dislike delays especially those caused by owners and they are the most likely to charge you damages for owner delays);

  • you can learn how to respond to variations, extension of time claims so that you protect your interests; and

  • you can learn about provisional sums, prime cost items and how to reduce the risk of these costs blowing out.

     

     

     

     

     

     

     

     

     

 

#Homeowner #HomeBuildingLawyer #HomeBuildingContractReview #arbuildinglaw #BuildingLawyer

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