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Risk Management Library

16 Contract Provisions You Need to Know

By David Ericksen – Severson & Werson

– Download Article pdf

In the AEC community, contractual agreements provide the structure and road map for successful, profitable projects.

It is amazing, however, that project participants are often unaware of the actual contract terms. Only by familiarity with, and frequent reference to, the actual contractual obligations can team members deliver the required contract services without voluntarily providing more or inadvertently providing less.



While each contract should be created based on the unique demands of each project, there are some key contractual issues that apply to virtually any engineering service agreement. Every engineer should be familiar with them.

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