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, …
Risk
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 …
Risk Analysis
Do a proper risk analysis before bidding for and accepting a project. Be especially aware of “first of its kind” projects for yourself, your company, or your industry (industry level …