Many of my clients report that, once they have signed a construction contract, that contract gets filed away in the back of a drawer… that is, until a dispute arises.
Contract administration is, however, vital to being able to effectively monitor and control your project as the work takes place. It is the contract that tells the parties what their rights and obligations are in relation to making claims, providing notifications and otherwise performing the works.
Don’t get me wrong, contract administration can seem like an unnecessary formality but consider this as an example - construction contracts often include strict requirements around how and when certain claims may be made against the principal/head contractor. If you are unaware of what those requirements are, there is a chance that your claim may be time-barred or otherwise fail as a consequence of not meeting a particular contractual formality.
Can your business afford the cost of such a simple mistake that could have been avoided with appropriate contract administration?
Cross the T can work with you to prepare an easy-to-use and accessible guide on a project-by-project basis outlining when claims may be made, how claims may be made and any other formalities under your particular contract.