Why property owners should review construction design contract modifications to reduce risk
Source: https://www.bizjournals.com/, August 9, 2022
By: Matt Markovich
Construction design contracts address important legal issues and allocate risk between design professionals and owners. But some owners do not adequately scrutinize the provisions of contracts because the legal terms and conditions are typically attached to the very end of the proposal and are written in fine print. Owners must review those terms and conditions to ensure they include specific owner protections. Below is a discussion of issues that owner’s counsel often find are inadequately addressed in the standard terms and conditions. Each issue includes a short explanation and the negotiating position that a well-informed owner should take. Read more.