Cian BrennanFounder, Quantum Contract Solutions · Founder

Shining A Light On Construction Contracts

Name: Shining A Light On Construction Contracts
Uploaded: 2022-09-17T08:00:32+00:00
Duration: 39 s
Channel: Cian Brennan
Description: Watch out for contracts labeled standard. Companies deliberately alter clauses to shift risk onto you, keeping the standard template's appearance while…

17 Sept 2022 · 1 min

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Watch out for contracts labeled standard. Companies deliberately alter clauses to shift risk onto you, keeping the standard template's appearance while changing the actual terms. Read what you're signing, not what you assume it says.

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A lot of times people will come to us and go, hey, I'm just, I'm signing a standard contract issued by this authority. And when we look at it, the template, they have amended the standard contract template. So what it actually does is it looks like a standard contract, but they've amended it to make it essentially a hostile contract. Now, remember that they are always going to push the risk down the way to you. It's in their best interest to do that. So if they're a smart company, they will be doing it. So you've got to be aware that that is the game that you're playing, and that even though it looks like a standard contract, it isn't necessarily going to be a standard contract.