Question

1. Contract document accuracy is highly important. Spelling, punctuation, dates, and names can all determine winners and losers in later disputes 2. A construction contracts thust work within the constraints of existing laws and accepted conventions that have been altered by case law, so what is legal is not permanently fixed and constant. 3. Contracts can transfer ll liability if properly worded. 4. Burdensome one-sided contract terms, even if enforceable, may not optimize project performance. It is preferable to seek what is legal, normal, customary, and well accepted in the project area, and is fair to all parties. 5. Project owners may create a new legal entity for the project, and construction managers may create joint ventures. These entities must be incapable of completing their contractual and examined to confirm they are not empty shells financial obligati

Answer 1

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