Signing a contract may seem like a simple step in the scope of a job, but it’s actually an extremely important process. So, what exactly do you need to know before adding your signature?
Signing a contract without thoroughly reading through it is one of the biggest mistakes a subcontractor can make. Mark Drury says that before you sign, you should have a statement of values and a process that is communicated to everyone on the project. And it shouldn’t just be one person reviewing a contract — an estimator, project manager, and someone on the executive level should read through the contract to ensure that it’s fair and reflects the initial bid. What other tips does Mark have for signing a contract?
In part one of Get the Intel’s American Subcontractors Association series, Chad Gill sits down with Mark Drury, the Founder of Mark Drury and Associates LLC. Together, they talk about best practices for signing contracts. Mark shares the do’s and don’ts of reviewing a contract, how to create a process for your business, and the resources that will help you through it all. Stay tuned for more!
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