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When entering into sub-contract agreements, it is of utmost importance that any sub-contractor is thoroughly acquainted with the terms and conditions of the agreement and aware of onerous and unreasonable provisions particularly in relation to main-contractor amendments to standard forms of contract such as JCT or NEC, amendments which invariably increase the levels of risk to the sub-contractor.

It is also critical to understand the contract data or particulars such as the payment provisions, applications, notifications, liabilities, delay damages, extension of time and other essential provisions. Failure to observe accurately the contractual procedures can result in significant losses which can be avoided by simply understanding what procedures are required.

With the current changes in the industry such as supply chain issues and materials costs and availability, it is important also to negotiate additional clauses where possible to mitigate risk and avoid potential losses.

IROS CONTRACTUAL REPORTING & NEGOTIATION

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