Construction LawAndrew D. Klein, The Legal Intelligencer
Crafting a Construction Contract to Protect a Contractor
In my last column, I discussed ways to protect an owner's interests via a construction contract. In this one, I do the same for contractors, explaining that through proper due diligence, negotiation, drafting and administration of a construction contract, a general contractor can ensure, among other things, that it: (1) contracts with financially secure and trustworthy owners, subcontractors and suppliers; (2) minimizes the risk of lien claims from its subcontractors and suppliers; and (3) is responsible only for damages associated with its own performance.
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