Securing the success of your project: Three tips for reviewing construction contracts

The construction contract you prepare or sign up to has a big impact on the success of your project. Preparing or reviewing that contract properly and in context is therefore fundamental to your success.

In the first of a series of articles on procurement and contracts, we set out below some reminders as to how to approach a contract review. These apply whether you are a principal, a head contractor or a subcontractor.

Scoping the project

The most important thing to consider when reviewing a contract is context. If you do not understand the project, its background and what your business wants to get out of it, your review might be incomplete or inaccurate. Consider the contract in light of the project and its aims ie: does it adequately address the nuances of this particular project? Even with tenders, it is not just about pricing.