This video session of Design-Build Lessons Learned includes Lesson 6 – “Contract Language is Important: Ignore it at your own peril!” The focus is on contract terms and conditions, including notice requirements, claim requirements, indemnification, limitation of liability, liquidated damages, and change order approval requirements.
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- Indemnification Clause
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- Do Not Agree to Defend
- Economic Loss Doctrine: A Good Defense
- Establishing Time Limits for Filing Suit
- Liquidated Damages Clause
- Pay IF Paid or Pay WHEN Paid
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