Understanding and Negotiating Construction Contracts: A Contractor's and Subcontractor's Guide to Protecting Company Assets, 2nd Edition
- 7h 6m
- Kit Werremeyer
- John Wiley & Sons (US)
- 2023
The complexities of construction contracts are made easy with this thorough and readable guide
Construction contracts can be complex, for both owners and contractors. For contractors, negotiating fair and balanced commercial terms in contracts is just as important as properly managing projects; a properly negotiated contract can mitigate unnecessary risk and unnecessary risk transfer. This, in turn, reduces exposure to financial liability for the contractor and for avoidance of contract claims and disputes.
Understanding and Negotiating Construction Contracts provides a comprehensive and readable introduction to the world of construction contracts. Providing, for example, coverage of the four most common types of contracts—lump sum/fixed-price, cost-plus, time-and-materials, and unit-pricing—it promises to reduce uncertainty and allow contractors to enter contractual negotiations with greater confidence to be able to achieve a fair and balanced contract. This updated new edition reflects the up-to-date best practices to understand how to better negotiate the commercial terms and conditions in construction contracts.
Readers of the second edition of Understanding and Negotiating Construction Contracts readers will also find:
- Updated information on indemnity, insurance, and negotiation
- An all-new chapter with a contract analysis checklist
- Real-world examples drawn from small residential, retail, large commercial, and international projects
Understanding and Negotiating Construction Contracts is essential for construction professionals and college students studying construction contracts and the liabilities arising out of them.
About the Author
Kit Werremeyer is owner and president of Southernstar Consultants LLC, Valrico, Florida, US, which provides training in construction contract negotiations and other professional services for engineering and construction companies both in the US and internationally. He has more than four decades’ experience in negotiating fair and balanced construction contracts, sales, major project development, and construction contract dispute resolution.
In this Book
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Disclaimer
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Introduction
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Contracts: Basic Training
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Types & Forms of Contracts
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Scope of Work
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Terms of Payment & Cash Flow
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The Schedule
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Assurances of Performance
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Insurance
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Indemnity
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Changes
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Disputes & Their Resolution
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Damages
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Warranties
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Termination & Suspension
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Force Majeure
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Other Contract Clauses
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A Construction Contractor’s Contract Checklist
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International Contracting
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What’s It Take to Do Business in Southeast Asia?
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Some Final Thoughts on Negotiating Contracts
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Resources
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Glossary
