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8 Mistakes to Avoid When Reviewing a Construction Contract

Reviewing a construction contract isnu2019t just paperwork u2013 itu2019s a key step to protect your time, money and peace of mind. This infographic shows 8 common mistakes people make while reviewing contracts. If youu2019re a contractor, builder or property owner, these quick tips will help you avoid surprises later and keep your project on track.

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8 Mistakes to Avoid When Reviewing a Construction Contract

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  1. 8 MISTAKES TO AVOID WHEN REVIEWING CONTRACTS 1 Skipping the Fine Print Small clauses often hide big risks – read every section carefully. 2 Ignoring Payment Terms Missing deadlines, unclear milestones, or vague terms can hurt your cash flow. 3 Not Verifying Scope of Work If it’s not written, it’s not agreed. Ensure the scope is detailed and accurate. 4 Overlooking Dispute Resolution Clauses No clause? You risk costly litigation instead of quick resolution. 5 Failing to Spot Hidden Costs Watch for clauses that shift financial burden unexpectedly. 6 Not Reviewing Timeframes Unrealistic schedules or unclear deadlines can lead to delays and penalties. 7 Missing Change Order Provisions Without a clear change order process, any changes can turn into disputes. 8 Ignoring Termination Clauses Understand under what conditions the contract can be ended—and by whom. https://www.guardianpc.com.au/why- construction-contract-reviews-are-important/

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