Cone - Blueprints and Beyond

  Construction projects are complex undertakings that require careful planning, coordination, and execution. They involve numerous parties, including owners, architects, engineers, contractors, subcontractors, suppliers, and other stakeholders. To ensure the success of a construction project, it is essential that all parties involved have a good understanding of basic commercial and contractual matters. Unfortunately, the lack of such knowledge can have severe consequences for construction projects and contract matters. This article will critically analyze the impact of a lack of basic commercial and contractual knowledge on construction projects and contract matters. Delay in Project Completion One of the significant consequences of a lack of basic commercial and contractual knowledge is the delay in project completion. This occurs when parties involved do not fully understand their roles and responsibilities, payment terms, and other key contractual obligations. As a result, disp...

  There are two main causes of construction disputes identified by ARCADIS, 1. failure to properly administer the contract and 2. Parties failing to understand or comply with contractual obligations are critical issues that can have significant impacts on the success of a construction project. Let's have a proper understanding of these main causes here. The first cause, failure to properly administer the contract, refers to situations where parties may not have fully understood the terms and conditions of the contract, or where there may have been disagreements over the interpretation or application of certain clauses. This can lead to disputes, as one party may feel that they have not received what they were entitled to under the contract, or that the other party has breached their obligations. One potential issue with this cause is that it may be difficult to determine what constitutes proper contract administration. While contracts are typically drafted with the intention of cle...