Question: GENERAL QUESTION: based on the structure of the different contracts reviewed in class, which one has the least number of sections, and which one has
GENERAL QUESTION: based on the structure of the different contracts reviewed in class, which one has the least number of sections, and which one has the most?
Liens:
How are liens handled in order to protect the owner or GC pt
Is a lien waiver required? pts
Payment
Which payment provisions are red flags? pt
Itemize list the procedures for payment application and approval pt
Time and Delays
What are the red flags related to the time of performance in each contract? pt
How are delays handled clarity of wording, notice provisions, types and classifications of delays, compensation? pts
Are the types of delays expressly listed? If so list them. If not, what is the implication of not stating them clearly? pt
Indemnification
Reference the sections that cover indemnification
Select and quote one exculpatory clause from each contract
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