Topic in focus: managing contracts to minimise disputes
While disputes may not be as certain in life as death and taxes, they are certainly not far behind. As Australia’s most recent economic boom slows down, there has been an increased prevalence of major disputes.
The introduction of the security of payment legislation, and the popularity of short-term adjudication as the forum for disputes, has radically altered the way in which the market perceives and manages disputes. In this climate of increasing conflict, much greater attention needs to be paid to managing contracts and projects to minimise disputes and, just as importantly, to increase your chances of success when they arise.
The key to success is taking the right steps from the beginning of a contract. Once you are in a dispute, the die is, to a large extent, already cast…
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