A Layman ’ s Guide to Contract Terms
Contractors are now faced with understanding complex and complicated construction contracts , and they need to be prepared to navigate a contract to ensure that they comprehend bidding requirements , scope of work , scheduling , claims , and disputes .
During a webinar entitled , “ A Layman ’ s Guide to Contract Terms ,” held this past summer , the importance of becoming familiar with contract terms was discussed in-depth by Jennifer Elmore , CDP Project Manager with Merriwether & Williams Insurance Services ( MWIS ), a HUB International Company . Topics covered included : guidelines for the bidding phase of contracting , interpreting actual contractual language , the impact of contract provisions on your business , and contractual compliance to preserve contractor claims .
FIRST QUARTER 2025 CONTRACTOR TOOLS - 31