Are you reading your General Contractors MSA? Tips to keep yourself out of trouble.

Things to watch for

• Don't be afraid to redline and comment on things you want changed in the agreement.
• Familiarize and understand the payment terms within the agreement. Keep in mind that many contractors have unique payment processes and paperwork that need to be strictly followed to ensure on-time payment.
•  Always look for the insurance and bond requirements. Verify your company meets these requirements before signing. Take note of when these should commence and end.
• Watch out for cross-over clauses where your money can be withheld. If you don't understand it, ask about it!
• When in doubt, ask your lawyer questions! Don't let your GC pressure you into signing.
• Don't be afraid to consult an attorney or expert before signing a contract. 
• These are just a few of the things Virtus will detect when reviewing your contracts. We have a comprehensive checklist of problematic contract clauses derived from hundreds of contract negotiations. At Virtus Support Services, we help ensure you don't sign bad contracts.