Questions and Answers
True or false: All provisions in construction contracts have been validated by courts.
False
True or false: Contractors should analyze all contract language after bidding on a project.
False
True or false: Standard contract forms are not legally interpreted.
False
True or false: Contractors can assume that unfair contract language will not be enforceable.
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Study Notes
- Construction contracts have different types and provisions.
- The lecture will discuss common terminology, provisions, and obligations.
- Contracts can transfer risk and uncertainty to the contractor.
- Some provisions have been invalidated by courts, but not all.
- Contractors should analyze all contract language before bidding on a project.
- Standard contract forms (e.g. AIA, federal government, AGCA, ASCE) are well-established and legally interpreted.
- Using standard forms is important.
- Contracts can protect the owner.
- Contractors cannot assume unfair contract language will not be enforceable.
- Various parties have obligations under a contract.
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