Lorman Education Services March 9, 2023
Better evaluate the desirability of bidding upon or taking a specific job, and protect yourself from loss.
This topic will provide information and knowledge on legal and contractual issues affecting commonly encountered subcontracts, such as changes and extras, pricing, termination, dispute resolution, risk allocation, pay to be paid provisions, and other common clauses. The information obtained will assist you in fully comprehending the risk you are assuming in a contract. Knowledge of the risk will allow you to better evaluate the desirability of bidding upon or taking a specific job and will help you to protect yourself from unforeseen or unanticipated loss.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
