Experienced Kansas City Construction Law Firm
Call Our Team Today
1-800-523-5786

Considerations before entering into a construction contract

Business owners and homeowners in Kansas may be interested in learning more about the different factors worth considering prior to entering into a construction contract. Before finalizing a contract for services, it may be advisable to evaluate the prices, time frame, payment method, material terms, payment penalties, anticipated problems, resolution of anticipated disputes, inability to agree and transaction rules for particular industries. Each of these factors could potentially derail negotiations or result in adverse consequences for the party's long-term interests.

The terms of a construction contract should be specific and explicit. The obligations of each party to the agreement and the terms of payment should be clearly spelled out. Once the contract has been signed by both parties, it may not be changed without each parties' approval or a court order. Most successful businesses take the opportunity to protect their own interests when establishing a new agreement with a contractor.

The person paying for the contracting services should also be aware of any additional fees beyond the agreed-upon payment. The method of payment, whether it be installments or a lump sum, should also be stated in the contrac. The contract may also establish whether or not there are any penalties for late payments. Parties who are struggling to agree on the final terms often consider entering an interim agreement while negotiations continue.

People who need more information about construction contracts might benefit from contacting legal counsel. Lawyers may be effective in examining the contract for any terms or provisions that may be detrimental to the client's long-term interests. Legal counsel may also be able to assist clients in negotiating for more favorable terms or for a modification of existing terms.

Source: FindLaw, "Ten Things to Think About Before Signing a Construction Contract", accessed on 1/10/2015

No Comments

Leave a comment
Comment Information

Our condo association was faced with monumental construction issues thanks to the original developer of our complex. We were cash poor and in no position to get legal representation without a contingency fee arrangement. Luckily for us, Scott Long and Burke Robinson were willing to take us on as clients. Their work ethic, professionalism and knowledge of condominium construction served our association very well. Any association would be well served in hiring these gentlemen to represent them.

Board of Directors - Plaza Gardens on the Lake Condominium Owners’ Association Lake of the Ozarks, MO

Read More Testimonials

Let Us Help You

Contact our Kansas City Construction Law Firm by calling 1-800-523-5786 or by completing this contact form.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy