Construction contract disputes are commonplace. They will and do happen, so you really have to be thinking ahead every time you enter a contract in Colorado. Know that you may end up in a dispute and prepare yourself for when that happens. If you get caught off guard, then you may end up losing out.
Construction Executive explains resolving a contract dispute does not have to turn into something that ruins your business. In fact, you should be able to resolve any issues without things becoming too messy in most cases, but there may be times when a client is just not agreeable. Here are some tips to help you should you find yourself in a sticky situation.
- Be ready to defend yourself
You have to be ready at any time to defend your business and your work. Know what resolution method you may use. Make sure you also know your contract inside and out so that if there is something brought up, you can easily refer to that issue in your contract.
- Be proactive
Try to avoid disputes when putting together your construction contract. Plan carefully and be realistic about the expenses and timelines for a project. Identify possible areas where a problem could come up. Make sure you work out an agreement as to how you will handle any disputes. Also, always keep the lines of communication open.
- Know common disputes
Being ready also means knowing the possible issues you may face. Common problems with construction contracts include delays, misunderstandings about the contract terms, contract violations and not meeting expectations based on the contract or discussions.
While it is impossible to prevent contract disagreements you may face, you can at least be ready for them when they happen. This may help you to keep moving forward and minimize the impact any issues may have on your business.