Contract Review & Advice

Correct contract negotiation, preparation and formation is critical to the success of every contracting company.  IHS can advise and assist with the understanding of contracts, the identification of management risks and correct administrative processes prior to signing thus minimalizing contractual risks.

IHS have developed standard contract notices, forms and reports and can provide regular audits.

Typically problems arise from the owner/manager being fully committed to running the day-to-day business and not affording the time to legally or contractually challenge the more creative claims imposed by some of the less honourable customers/clients.

There may also be problems where cost ‘blow outs’ nearing the end of the project suggests that a review of your project control system could be in order or maybe you have simply missed some of your contractual entitlements.

Contract terms and conditions are the ‘rules to play the game by' so it is important to make the rules as fair as possible without being commercially unrealistic.  Accordingly, IHS provide the following services -

• Understanding contracts;

• Risk assessments;

• Vetting prior to signature;

• Negotiation of changes;

• Contractual entitlement;

• Identifying missed variations / claims;

• Preparation of risk management strategies;

• Creation of project specific notices;

• Training