Legal/Contractual: Liquidated Damages
Legal matters are critical to project success:
1. Understand contractual risk allocation 2. Protect payment through liens, bonds, and notices 3. Establish clear schedule procedures 4. Maintain adequate insurance coverage 5. Understand available dispute remedies 6. Document all communications and decisions 7. Consult attorneys for complex issues 8. Address disputes promptly
Proactive legal management prevents disputes and protects interests.