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Ten Commandments Of Loss Prevention

The Seventh Commandment: After Making a Contract, Adhere to Its Terms and Modify It Only by Written Amendment.
The contract should not be ignored after the project starts. If your "agreed upon" performance is substantially inconsistent with the terms of the agreement, you may not have an agreement to rely upon later. Don’t fall victim to the famous last words - "Our lawyer made us put it in the agreement, but we can work something out." or "Our lawyer said we can’t agree to do it in the contract, but don’t worry, it’s something we always do."

Review all documents that you are requested to execute, Architect’s Consent to Assignment of Contract, Architect’s Consent to Assignment of Contract as Collateral, Waiver of Liens, to ensure that they do not alter, expand or modify the terms and conditions of your contract.

  • Avoid agreements that require you to protect someone else’s interests or to notify them of changes in the project or other events relating to your relationship with the client.
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