Contracts form the cornerstone of project works and commercial activities. It is vital that contracts are properly understood in the context of risks and opportunities, law and procedures. Failure to understand and to operate the contractual procedures can lead to margin degradation and exposure to contractual remedies for failure to perform.
ICM provides expert knowledge on construction and engineering contracts and serves its Clients as per their needs in the following areas.
- Advice and interpretation on ambiguities of the contract.
- Review and advice on ongoing project correspondence.
- Assistance in drafting contracts pre and post tender stage.
- Preparation of subcontractor, vendor and consultancy agreements.