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The Surety Bond Blog

14
May
2014

Construction Claims: Negotiating Out of Them


SalFalko / Foter / Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0)

As recently there was a case of construction companies filing false claims, it is a good idea to clearly understand where is the border between bargaining room and false claims in a construction claim. Often enough, it’s not easy to have the contractor’s and the owner’s perspectives converge, so there are a few useful tips for contractors to keep in mind in these cases.

First of all, stick to the truth in such claims, as losing credibility can be very damaging. Next, it’s useful to visually represent the presentation of the claim for easier understanding. Make sure you also know well the contract terms and plans, so that you are well prepared to answer any question. If you have to negotiate an agreement on financial reimbursement, be careful not to negotiate against yourself. Finally, don’t hesitate to introduce mediation in the process, as an independent third party can greatly help to resolve the issue.

Read the full article at Best Practices Construction Law.

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