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Reduce Your Risk in the Contractual Jungle - Equal and Approved PDF Print E-mail
Sunday, 29 August 2010 14:37

contractContractors can unwittingly take on more risk than they expect by being helpful in this way. Most specifications which accompany the drawings include the phrase ‘equal and approved’. In this article we look at some ways you can reduce your risk in the contractual jungle.

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Like it or Lump it? PDF Print E-mail
Tuesday, 25 May 2010 16:31

contractMany contractors are faced with changes of projects; typically this can be 15% of the contract value or even more !

Your customer has placed an order with your firm which included reference to your quotation comprising your lump sum figure and your schedule of rates (as they requested). The customer then decides they no longer want lightning protection, for key strategic programme reasons they placed the order direct, with YOUR sub-contractor, well they would have been if all had gone to plan.

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