Staking out a claim

Inadequately prepared tender documentation, administrative decisions that are not issued on time and unilaterally prepared agreements – these are among the typical reasons why contractors decide to pursue claims against their ordering parties. In turn, investors often hold construction companies responsible for delays in contract implementation, errors or inconsistency in the construction work in terms of the project specifications. Even though it is everyday practice for the construction sector, the level of preparation of companies when it comes to formulating and pursuing claims varies and errors in this field can incur heavy costs. What sort of errors are these? Two examples of such fundamental errors include the signing of a unprofitable contracts and the failure to report or document claims during the contract’s execution. “It can very often be the case that the general contractor, in its pursuit of a contract, completely loses its head and fails to negotiate th