1st Quarter 2025 CCSF Contractor Tools | Page 33

A LAYMAN ’ S GUIDE TO CONTRACT TERMS

CONTRACT REVIEW CHECKLIST

YES
NO
NEEDS ATTENTION
N / A
Does the Contract Include the Correct Price / Scope of Work ?
Are All Exclusions Included in the Contract ?
What is the Project Schedule ? And How Does It Affect Your Contract ?
What are the Notification Procedures and Timing for Delays and What are the Consequences of Not Adhering to the Delay Requirements ?
Have Consequential Damages Been Waived ?
What are the Liquidated Damages ( LDs ) for the Project ?
Does the Contract Include the Correct Price / Scope of Work ?
Are All Exclusions Included in the Contract ?
Are There Cost Factors Associated with the Payment Process ?
What is the Mechanic ’ s Lien / Stop Notice Process ?
What are the Procedural Requirements for Change Orders ?
What is an Allowable Inclusion in the Change Order ?
When Should the Surety Company be Notified of a Change Order ?
Who Protects the Work vs Actual Project Duration ?
Who are You Indemnifying ?
Do You Have Sufficient Insurance Coverage ?
What is the Warranty Period for the Contract ?
Warranty vs Manufacturer ’ s Warranty Period ?
What is the Dispute Process ?
Where Would the Dispute Process Be Handled ?
What Law Governs the Dispute Process ?
FIRST QUARTER 2025 CONTRACTOR TOOLS - 33