Liquidated Damages Helps You Get Resources
I find that having liquidated damages in a contract from my client helps me as a project manager. Companies often want to avoid having liquidated damages in the contract. However, …
Month: November 2008
Avoid Superlatives In Contracts
Avoid the use of superlatives in contracts and documents. E.g. “all, make sure, assure, insure, as necessary”. These can be interpreted as making a guarantee. It would be better to …
Allow For Inflation
Make sure to allow for inflation in cost estimates. Particularly allow for large increases in raw material costs (e.g. stainless steel, copper). This is important in the tender preparation process. …
Clarify Terms and Conditions
Clarify the terms and conditions with the new project manager. If the client changes during a project (or the client project manager changes), then you as the project manager should …
Clarify Ownership Of Drawings
It is important to clarify the ownership of drawings your company produces. Make sure the contract or agreements clarify the ownership of drawings and documents. Some clients may expect the …
Get a Signed Contract Before Starting Work
Make sure you get a signed agreement before work is started on the project. This is important both from getting the signed contract from the client, but also to do …
Know the Scope of Your Project
Know the scope of your contract. Read it often. As a project manager it rules your role on that project. Make sure you clarify the scope with all stakeholders to …
Clear Duties in Contract
Make strong, clear language in the contract documents so that your company’s duties are very clear. This avoids problems later on in the project. By making the duties clear (the …
List Assumptions in the Project Work Plan
Make sure your team has a comprehensive project work plan. This should show details of design assumptions
Errors and Omissions
Don’t admit to errors or omissions until you consult with a proper internal team (managers, project director, financial, legal). If you are admitting an error, make sure it is actually …