Subcontracts which start off as standard contracts can run into hundreds of pages after the amendments made by the main contractor. What started off as a contract you were familiar with now no longer really resembles the standard form.
If you don’t read the contract, how can you understand your liabilities & obligations if each contract is distinctly different from another in content?
Here are some common amendments:
- You confirm you’ve visited site & included for all site conditions in your bid
- You verify as accurate & correct any documents issued by the main contract during tender
- The main contract takes precedence over the subcontract
- LAD’s at a level not appropriate to subcontract
Or do you know:
- The payment process & the format required for a payment application
- What condition precedents / time bars are present
- The circumstances & process to apply for an EoT
- How, to whom & in what format are notices to be issued.
The above is just a small selection of items within amended contracts that can add risk to your project, if you don’t read & understand your contract how can you mitigate risk & properly manage your project.