Contract Drafting and Formation
While standard forms of contract are often used, the need almost always arises to make amendments to meet specific project requirements and to balance risk between the parties.
Frequently, where a standard contract is inappropriate the Owner may prefer to use a bespoke document to handle a project’s specific needs. Such contracts demand special care and attention to detail. and the right contract .to suit specific project objectives and market constraints is vital for successful project performance.
Whatever the form used, clear definition of scope, terms and conditions, basis for payment, incentives and control mechanisms must be reflected in the contract.