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