Should I sign this contract?

Proactive Contracting - Shaping the Future of Construction Contracts


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Episode 2 - In this episode, Patricia Haywood, founder of Haywood Commercial, rides on a captivating journey through the winds of change in the construction industry. She emphasises the need for proactive contracting, focusing on legal well-being, and shares insights on fostering a collaborative, value-driven approach to construction contracts.

Takeaways:

  1. Embrace Industry Evolution: Recognizing the winds of change in the construction sector and understanding the collective responsibility of stakeholders to drive positive transformations.

  2. Proactive vs. Reactive Contracting: The significance of shifting from reactive to proactive contracting, prioritising legal well-being, and practising preventative law for better project outcomes.

  3. Collaborative Value Creation: Encouraging a team-oriented approach to construction contracts, emphasising the creation of value for all parties involved.

In this episode:

[00:00:27] Patricia introduces the podcast and sets the stage for the exploration of construction contracts.

[00:02:30] The evolving landscape of contract negotiation and the openness to alternative views.

[00:05:37] The importance of challenging clauses and the impact of collective pushback on contract amendments.

[00:08:56] Proactive contracting versus reactive measures for sustainable project outcomes.

[00:14:23] Unpacking the concepts of proactive and preventive law in construction contracts.

[00:20:00] Integrating a human-centred approach in contracting for improved project cultures.

[00:28:00] Practical tips for those in contract negotiation and delivery phases.

Resources

  1. Haywood Commercial UK

  2. Connect with Patricia on LinkedIn

Quotes

  1. "A balanced construction contract equals a symphony of better projects, better profits, and better teams." - Patricia Haywood

  2. "In the industry now, we are on a rollercoaster of change. We're crying out for it because the thrill is long overdue!" - Patricia Haywood

  3. "Your standard form is no fairy tale; it's a dynamic storybook that should evolve with the twists and turns of the industry." - Patricia Haywood

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Should I sign this contract?By Patricia Haywood