contract language to protect the contractor or - Lightning Protection ...

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PRACTICAL TIPS FOR SUCCESS1. CONDITION YOUR BIDS- What does that mean in legal terms?- BID=OFFER (GC CAN ACCEPT OFFER)- CONTRACT=OFFER + ACCEPTANCE• You typically bid per plans and specs.• Specs. Incorporate GC’s boilerplate formGC ACCEPTS YOUR BID=CONTRACT“BAD THINGS HAPPEN TO GOOD PEOPLE”
Scenario #1:- You begin work without signing your contract- By second pay application you are owed significant sum ofmoney- Ask to be paid and GC refuses, must have signed contract- No pay, must file lawsuit based on quantum meruit(reasonable value)
Page 1: CONTRACT LANGUAGETO PROTECT THECONT
Page 5 and 6: THE CURE:CONDITION YOUR BIDSExample
Page 8 and 9: READ THE CONTRACT “BEFORE” SIGN
Page 10 and 11: OTHER PURPOSES OF CONTRACT REVIEW A
Page 12 and 13: KNOW OPTIONS IN CASE OF DISPUTE- So
Page 14 and 15: WHY - ENFORCEABLE IN MANY STATES!Le
Page 16 and 17: RETAINAGEProfit on the job!Retainag
Page 18 and 19: Negotiate 5% retainage, reduced to
Page 20 and 21: SCHEDULING, SEQUENCING AND DURATION
Page 22 and 23: ACCESS TO WORK AREAInability to rea
Page 24 and 25: BACKCHARGESMust have adequate notic
Page 26 and 27: UNHOLY TRINITYINDEMNIFICATION, WAIV
Page 28 and 29: The Fix:Strike the word “sole,”
Page 30 and 31: Waiver of Subrogation- Requires you

contract language to protect the contractor or - Lightning Protection ...

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