Contract Review
Submitting a tender is a period of intense activity, involving quantifying the scope of work, obtaining quotes and preparing the bid or proposal.
But what about the terms and conditions?
Have they been read?
Are the implications understood?
The terms and conditions for most contracts will have been tailored specifically to the project and could be a bespoke document or a multitude of detailed amendments to a standard form of contract.
A Contract Review will study the documentation and the subsequent report will detail the salient points and highlight onerous conditions.
A commercial decision on the viability of the bid can then be based on the points raised in the report with the options including:
- Acceptance of the conditions as a commercial risk
- Raising the terms as an issue within the bid
- Declining to bid the project in the most extreme circumstances