However, whether a good deal really has been achieved can be concluded only if the delivery was in line with expectations, in terms of quality as well as the total cost.Ĭontracts come with necessary details about how your construction business is going to conduct itself, whether it be with clients, employees, subcontractors, or suppliers. Contracts often represent a company’s perception of a “good deal,” which usually focuses on price and quality-both easily understood by all stakeholders. No new office building can be erected, no apartment complex can be installed, and no hospital remodel can be completed without a contract.Īccording to Paul Rees of PriceWaterhouseCoopers ,Ĭontracts are documents that are frozen at a point in time and represent rights and obligations that are to be delivered over a future period. When it comes to construction, contracts are at the heart of everything the company does.
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