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Things to look for in owner contracts

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Presentation on theme: "Things to look for in owner contracts"— Presentation transcript:

1 Things to look for in owner contracts
Top Ten Countdown Things to look for in owner contracts

2 10. A cap on liquidated damages

3 9. No liability for design, except for design build contracts

4 8. No liability for unforeseen conditions

5 7. No damage for delay clauses

6 6. Owner provides satisfactory evidence of financing

7 5. No liability for consequential damages

8 4. Notice provisions

9 3. No environmental liability- request copy of owners environmental site assessment.

10 2. Indemnity obligations/ additional insured limited to our extent of our negligence

11 1. Owner grants waver of subrogation on existing property insurance and builders risk

12 Contract agreement always consists of more than one document
Contract agreement always consists of more than one document. What are those documents?

13 What if there is a conflict between the contract documents
What if there is a conflict between the contract documents? Order of precedents clause. What if no order of precedents clause?

14 Does the construction contract have to be in writing?

15 Warranties – How long? AIA contract Registrar of contractors AZ state statute Statute of repose

16 Duty to act in good faith Implied warranty of design adequacy
Implied Duties Duty to cooperate Duty to act in good faith Implied warranty of design adequacy


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