The Definitive Checklist for Construction Contract Review
Six steps to follow to ensure every construction contract is successful Reviewing contracts can seem like an overwhelming task, especially when contracts can seem to pile up. In construction, there are often multiple contracts in different stages that need to be managed at the same time. There are many details that are specific to each […]
Using a Contract Playbook to Increase the Speed of Business
Typically, the buildout of a contract playbook requires many hours of work from a number of professionals within an organization. A playbook helps to frame a company’s contract negotiation tactics and procedures. This process typically involves stakeholders from across the company. Playbooks are used by myriad professionals – from lawyers and paralegals to contract managers, HR, procurement, […]
2023 Resolutions for Improving Your Business Contracts
Many of us start a new year with a list of personal and professional resolutions aimed at improving our lives. When we think about the many processes involved in our day-to-day work, there are any number of changes we can commit to that will make our lives better. This has a net positive impact on […]
Construction Contract Blind Spots to Avoid in Negotiations
Contracts are the starting point of every successful construction project and can have a profound impact on the bottom line, making it important to avoid any construction contract blind spots. However, many subcontractors don’t review their contracts as thoroughly as they should for any number of reasons. They’ve been working with the client for a […]
Construction Contract AI Speeds Negotiations, Mitigates Risk
No matter what type of construction agreement you’re negotiating, contracts are often long and complex documents with a lot of legal jargon. When you’re dealing with so many complex details, it can be easy to make mistakes or overlook important clauses. Construction contract AI technology can help make the contract process easier for everyone involved. […]
5 Ways Natural Language Processing Improves Contracts
Organizations are increasingly leveraging machine learning and natural language processing (NLP) for contract review, an inherently tedious process that requires strict adherence to specific legal language and corporate objectives. In legal practice, some workflows that require human execution, such as contract review, can benefit from automation made possible by natural language processing, a component of […]
