Design disclaimers: will you take the bait?(subcontractors)
Publication: Business Credit
Publication Date: 01-OCT-04
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COPYRIGHT 2004 National Association of Credit Management
Subcontractors, make sure that the staff person in charge of reviewing your contract documents understands how to identify design disclaimers and how disclaimers should change your bidding strategy. Why? There are documented cases in which a 20- or 30-word phrase buried in the subcontract agreement or the specifications have cost subcontractors tens of thousands of dollars by removing risk and responsibility from the owner and general contractor and shifting it to the subcontractor. Your...
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