A contract represents more than just an allocation of risk. It dictates the commercial rules under which we act and are held accountable to.
If a project takes a turn for the worse, as it often does, contracts mostly determine the outcome.
Developing a contract takes specialist knowledge of the applicable industry and requires in-depth consideration and review of the end-user and the contractor’s interest, the project, and the measured outcome.
Contracts generally comprise of a complex array of documentation. The ability to create a well-balanced document with properly defined terms, which are understood and practical on-site, is fundamental in the allocation of risk and manageability of contracts.
The same principles apply when reviewing contracts, which is a necessity before entering into any contractual relationship.
The implications of the different constituent parts of industry contract documentation can be fatal to any project. Identifying potential problem areas through a review is key to mitigating future risk.
Our contract teams are vastly experienced in all standard forms of industry contracts such as FIDIC, JBCC and the NEC including the capability to assist in the development of in-house or project contract strategies, drafting of bespoke terms and contract reviews.