Good Contracts Make For Good Associations
“In particular, good contract drafting can help to minimize the impact of disputes between associations and their contractors.”
Suzanne Leff, a partner with Winzenburg, Leff, Purvis & Payne (Colorado), writes about the importance of good contracts between community associations and the contractors they hire. In summary, the better the contract is written and the more understanding up front of what is expected between parties, the less likely that litigation will be needed. Key points:
- “A bid or proposal form, while legally binding, is not a good contract.”
- “Low bid amounts may contain hidden costs.”
- “Negotiate amendments to contracts prepared by the other party.”
- “If a breach occurs, document the damages.”
- “An agreement to part ways may save time and money.”
10 September 2006 | Construction, Construction Defect, Consulting, Litigation | Comments
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