Blog

15th July 2021

Do you really know what you're agreeing to in construction contracts?

Contract vetting - it might not be top of your list of priorities, but it should be because failing to check a contract before you sign is one of the most common reasons why Contractors and Subcontractors lose out financially.

If you don't check your contract or understand what terms, conditions and deadlines you are signing up for, you are unlikely to have any legitimate reasons for claims, compensation or extensions if these situations arise.

This is where Quantum CPM can help.

As a team of RICS qualified and legally trained Quantity Surveyors, we are specialists in construction contracts. We have a wealth of expertise to offer Contractors and Sub-Contractors built on decades of experience, so we can help you by flagging up any concerns or onerous contract terms. This means you can challenge the terms of the contract before you sign if you want to - or, if you are happy to sign and proceed, at least you can avoid falling foul.

Unlucky seven!

We think there are seven areas where contractors and subcontractors lose out every single day. We've wrapped these up in a quick 2 minute video which you can watch here - including Roger's scenario when he fails to get a contract vetted!

That's why we offer seven core services as part of our Bundle of Services:

  1. Contract Vetting - to check your contract before you sign
  2. Monthly Variations Audit - to keep track of variations as the contract is delivered
  3. Monthly Progress Audit - to evaluate your progress versus the contract programme every month
  4. Project Liability Audit - to provide you with a full end of job forecast and account for future costs liabilities
  5. Final Account Control - to help you submit Final Accounts on time and properly prepared after completion of jobs
  6. Project Ledger Management - to keep you fully in the picture across all your contracts
  7. Retention Fund Management - to provide a ledger of retentions due, monitor defect correction and chase down debtors

Contact us for a free, no obligation consultation

For a free initial consultation regarding any of our services, contact Quantum CPM on 0161 974 6655 or email .

RICS member logo, providing Quantum CPM clients with independent assurance on the quality of our services
Chartered Institute of Arbitrators (CIArb) member logo, the professional body for dispute avoidance & dispute management
Society of Construction law member, supporting its aims to promote the adoption and understanding of construction law