Whether it’s a contract, an insurance policy or another provision governing a construction project, all terms are spelled out in black and white – or they should be. If not, the risk for claims and disputes usually rises, often dramatically.
Construction contracts alone can make or break projects before shovels hit the dirt, depending on whether the terms and conditions of multiple documents are accurate, comprehensive, consistent and, perhaps most importantly, read and understood by all principal parties. Such a close reading has long been the advice of construction attorneys, sureties and risk experts, although their words are not always heeded.