Understanding and Negotiating Construction Contracts: A Contractor's and Subcontractor's Guide to Protecting Company Assets (RSMeans)
Product ID: 1701020
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Construction is a complex business. Each project has its own unique physical and commercial considerations. Since thereโs no such thing as a โstandardโ or โtypicalโ construction project, construction contracts should also not be considered standard. The contractor must carefully manage both in order to have a successful outcome and protect the companyโs interests and assets. This book will help you manage all these elements of the contract: Scope of work and schedule Terms of payment and cash flow Assurances of performance Insurance, bonding, indemnity, and warranties Changes to the contract Disputes and their resolution Damages Termination and suspension Force majeure International contracting Review: Excellent Purchase - Well written on construction contracts by a seasoned Contract Negotiator. Lots of good references and examples. Highly recommend it for anyone who wants to learn more about it without getting bored reading legal terms. This is great for basic reference however regarding actual statutes, current law changes, and different state's contract law then you'll need to do further research. Also a side note, although risks were presented and recommendations were made (and it's good practice to know what your risks are) there are times where you would have to assume some risk in order to get a job. Otherwise, in this competitive industry Owners will move on to the next contractor who will want to assume the risk. As an example, providing Additional Insured Endorsements and Waiver of Subrogation endorsements on Liability insurance. Yes, it's risky but that's part of the "standard" in this industry to provide it. And the author addressed "standard" reference. There are some standard requirements that limit your negotiation leverage. Just remember regarding risk: you can assume it, transfer it or you can deny it. If you want to assume it then make sure it's part of your "bid" or "quote" to cover your "risk." The author wrote about that too. Definitely a good source for basic contract review and negotiation. Review: Useful guide for contractors and subcontractors - Some of the most misunderstood, neglected and dangerous aspects of construction contracts are the risk transfer provisions. Mr. Werremeyer explains them clearly and without jargon, and includes sensible alternate wording which your clients will likely accept. This may very well save your company. We have made parts of this book required reading for our sales personnel training.
| Best Sellers Rank | #1,189,239 in Books ( See Top 100 in Books ) #80 in Construction Law (Books) #1,522 in Home Design & Construction (Books) #78,130 in Reference (Books) |
| Customer Reviews | 4.8 out of 5 stars 59 Reviews |
N**R
Excellent Purchase
Well written on construction contracts by a seasoned Contract Negotiator. Lots of good references and examples. Highly recommend it for anyone who wants to learn more about it without getting bored reading legal terms. This is great for basic reference however regarding actual statutes, current law changes, and different state's contract law then you'll need to do further research. Also a side note, although risks were presented and recommendations were made (and it's good practice to know what your risks are) there are times where you would have to assume some risk in order to get a job. Otherwise, in this competitive industry Owners will move on to the next contractor who will want to assume the risk. As an example, providing Additional Insured Endorsements and Waiver of Subrogation endorsements on Liability insurance. Yes, it's risky but that's part of the "standard" in this industry to provide it. And the author addressed "standard" reference. There are some standard requirements that limit your negotiation leverage. Just remember regarding risk: you can assume it, transfer it or you can deny it. If you want to assume it then make sure it's part of your "bid" or "quote" to cover your "risk." The author wrote about that too. Definitely a good source for basic contract review and negotiation.
P**O
Useful guide for contractors and subcontractors
Some of the most misunderstood, neglected and dangerous aspects of construction contracts are the risk transfer provisions. Mr. Werremeyer explains them clearly and without jargon, and includes sensible alternate wording which your clients will likely accept. This may very well save your company. We have made parts of this book required reading for our sales personnel training.
B**N
Contracts made easy.
This book explains contracts in layman's terms. Very practical and easy to understand.
C**D
Good to have.
Great reference material.
E**N
Book great, shipping not great
Book is in great condition. I was not happy with the shipping, I paid extra so that it would arrive early and it arrived the same time if I were to have selected standard shipping so I should have taken the extra shipping money put it in a urinal and pissed on it.
S**F
Great construction book.
This book presents some very important topics regarding construction contracts and puts them in plain language that anyone can understand.
J**Z
Excellent book...worth every penny...!!!
Could be used as a reference book for managers, lawyers, or even owners. Clear, concise, well organized. No waste in it...!!!
A**R
Five Stars
Great book and easy read
T**U
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F**L
A must read
Very comprehensive and practical book on the do's and dont's of construction contract negotiations viewed from the contractors side.
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