#45 Read (and Understand) Your Contract!

On this episode, we are joined by attorney and former construction company executive Bill Ernstrom, of Ernstrom ADR, to discuss elements of risk management and the critical importance of reading and understanding the construction contract. Bill remarks on the surprising revelation that often construction contracts are not read by parties and on why it is so important to both read and continue to reference the construction contract throughout a project. Bill also relates the importance of standardized contracts, like those published by ConsensusDocs, as baselines or starting points for contract negotiations.

Hosted by:

Kat Shamapande, Director, Professional Development, NASBP and Mark McCallum, CEO, NASBP

Sponsored by Old Republic Surety!