Typical Critical Issues in Unit Price Payment Contracts

Description

This Skill Bit addresses common challenges such as inaccurate measurements, scope creep, unclear pricing, and poor communication. These issues can lead to disputes and project delays. To mitigate these risks, it’s essential to implement detailed planning, maintain strong documentation, ensure clear pricing structures, and foster open communication between all parties. Effective dispute resolution mechanisms are also crucial for successful contract management.

Duration approx. 4 Min.

Tier: proficiency