Resource Highlight: MCAA’s Contract Clauses

In their haste to sign contracts, contractors may overlook clauses that could pose significant risk to both company and personal assets. MCAA’s Contract Clauses highlights many of the most dangerous clauses to ensure that contractors are fully aware of the pitfalls they can present. It’s just one of MCAA’s educational resources that are free to MCAA members as a benefit of membership.

The bulletin explores:

• Conditional payment clauses
• Waiver of lien
• Cancellation clauses
• Work to the satisfaction of the contractor
• Waiver of claims by final payment
• No waiver of bond rights
• Code compliance
• Assumption of general contractor’s obligations to owner
• Retention reduction
• “Primary” insurance
• Compliance general with contractor’s construction schedule
• Labor and material provisions
• Compensation for unreasonable delays
• Examination of work of other trades
• Inclusion of all work within subcontractor union’s jurisdiction
• Inclusion of all work in subcontractor’s jurisdiction
• Placement of payments into separate trust fund
• Builders’ risk deductible
• Indemnification clauses

For a full list of available Management Methods Bulletins, including several on the topic of contract clauses, visit the Management Methods Bulletins page.

Have Questions or Need Personal Assistance?

Contact MCAA’s Frank Wall.