Construction management is a complex process that involves several different stakeholders, including project owners, architects, engineers, contractors, and subcontractors. The trade contract is an essential document that outlines the terms and conditions of the project and establishes a clear understanding of the responsibilities of each party involved.
In 2016, significant changes were made to the construction management trade contract to improve clarity and make it more effective. These changes have brought about a standardization of the contract, making it easier for all parties to understand and comply with its terms.
One of the most significant changes made to the construction management trade contract was the inclusion of a section on sustainability. This section outlines the project`s sustainability goals and requires all parties involved to comply with specific sustainability standards and practices.
Another significant change was the introduction of a risk management section, which is intended to minimize the risk of disputes arising during the construction process. This section outlines the process for identifying, documenting, and managing risks, ensuring that all parties are aware of potential issues before they arise.
The 2016 version of the construction management trade contract also includes several clauses related to payment and performance. These clauses ensure that contractors and subcontractors are paid fairly and on time, while also establishing clear expectations regarding performance and quality.
Overall, the changes made to the construction management trade contract in 2016 have made it a more effective tool for managing construction projects. By standardizing the contract and including clear, concise language, all parties can better understand their roles and responsibilities, reducing the potential for disputes and delays. With more emphasis on sustainability and risk management, construction projects can be carried out in a more sustainable, efficient, and safe manner, benefiting both the environment and project stakeholders.