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Contract Development and Negotiation

Contract Development and Negotiation

A good contract clearly defines expectations of the parties including the obligations of each project participant.  Utilizing basic industry form agreements as a baseline, CPS identifies and discusses alternative approaches to defining risk allocation, compensation, and responsibilities.  CPS gains a thorough understanding of owner's expectations by participating in program development, developing the RFP, analyzing the proposals, and understanding the owner's risk aversion/acceptance profiles.  CPS takes this understanding and our knowledge of contract law and works with the owner’s counsel to address concerns.

CPS can provide any or all of the following:

  • Identify baseline documents to consider and key alternative terms
  • Meet with parties to address any outstanding terms
  • Follow-up with selected service providers on owner's position
  • Submit contract to service providers for input
  • Review, analyze, and discuss proposed alternate language
  • Finalize contract agreements for execution
  • Notifications to "Non-Successful" proposers

Related CPS Services: