According to a recent WeirFoulds webinar a contract 'cheat sheet' critical at the outset of a project.
“This really is one of the first things I think at the start of a project or when you enter into your contract that is a good idea to know,” said Jeff Scorgie, partner, WeirFoulds LLP.
“Doing this in advance is much easier just so you have it in a single document, you can just pull it up on the fly.” “For example, a contract may say, ‘As of the date you submit your final application for payment you waive all claims against the owner except for the claims that you’ve already submitted in writing.’ Again, that’s something you’re going to want to pull out in advance and have ready.”
Along with that are the forms that need to be submitted under the Construction Act and any non-standard terms that are unique about the contract., manager of commercial risk with PCL Constructors Canada Inc., said everyone who is a signatory needs to know the contract. “This is the time to have the discussions and the come-to-Jesus talks while the relationship is still good.
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