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When negotiating a change event, a new completion date, a design defect, or preparing a final account, it is almost certain that a difference of opinion will arise, and a dispute can often occur. At this stage, commercial relationships will become strained, key project goals will become a secondary focus and the legal costs incurred often dilute the amount awarded to a sum that would have been agreeable by the parties in the first instance.
To avoid disputes, there is a need to identify, mitigate and control contractual issues at an early stage. This is achieved through contractual provisions that incentivise proactive contract management and enforce a dedicated conflict avoidance procedure to be followed when disputes arise.
learn some of the common causes of disputes and the steps to take to avoid them
learn ways to limit the commercial impact of disputes should they arise