Do better contracts lead to better project results? Brian Perlberg, Executive Director & Senior Counsel of ConsensusDocs and in-house counsel for AGC of America was recently featured on the Building BITE Podcast and delved into this topic which can be found here. Three key takeaways from the podcast include: (1) Better Contracts, Better Results: Use your contract to manifest a successful business relationship. When you view your contract as the foundation of your success, just as in construction, a proper foundation will lead to a good build; (2) Start Integrating Risk Management Company-Wide: Risk management should act as an enterprise across an entire company rather than something done in isolation. Get your various stakeholders, such as safety, risk management, bonding, and insurance, all talking in the same room; and (3) Communication, Not Silos: Not every situation is a nail looking for a hammer. Effective communication can help streamline jobs and avoid escalation, leading to negative experiences and impacting business relationships.
Listen to the episode entitled “In an Evolving Market, The Need for Industry Standards Remains.” here.