The Hidden Cost of "Standard" Public Works Contracts: What Your Lawyer Isn't Telling You
The Hidden Cost of "Standard" Public Works Contracts: What Your Lawyer Isn't Telling You
Government buyers now push fixed-price deals. Hidden risks sit in boilerplate clauses. Many owners only see low bids at first glance.
The Hidden Cost of "Standard" Public Works Contracts: What Your Lawyer Isn't Telling You is indirect fees and change orders buried in dense language. These contracts pass risk to you, adding budget overruns and surprise timeline delays. Studies indicate poorly drafted terms raise project costs substantially.
Why Clause Choices Matter
Small shifts in wording change liability. Liquidated damages, waivers, and audit rights tilt risk balance. Research shows clear contract language reduces disputes and rework.
Risk Management Basics
Run independent cost reviews early. Define milestone payments and change order rules. Track schedule impacts during each project phase.
One-line takeaway: Scrutinize boilerplate risk allocation; it quietly shifts budget and timeline exposure to your organization.
Q: What hidden costs appear in standard contracts? Indirect expenses from change orders, liquidated damages, and administrative burdens.
Q: How can a lawyer help uncover these costs? Review risk allocation language, audit rights, and liability caps before signing.
