Have you ever faced any issue with your contract?
Below you can find the most frequent causes why the disputes arise.
✔ not clear contract wording
✔ the margin of interpretation to the contract wording
✔ discrepancies in the scope description/definition
✔ misunderstanding or misinterpretation as to the intention of the parties while contracting
✔ mistakes in wording, BoQ, scope definition, payment terms
✔ the offer price is too low
✔ the “to engage the contract above everything” approach
✔ payment issues
✔ poor contract and documentation management
✔ lack of knowledge of the market when bidding
✔ delays
✔ poor risk assessment and its management
✔ poor knowledge of law under which the contract shall operate...
The above are my observations from the construction sector perspective, what are yours?
#contract #disputes #legal #issues #compliance #construction #umowy # roboty budowlane #EPC #FIDIC
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