"Payment Contrary to Specifications" video - Contract Consideration Series

(13m) This video addresses a long standing inconsistency in the MMCD specifications for payment of some items.

In the CA course, Brian Weeks stresses that the Contract Administrator does not have the authority to alter terms of payment agreed to by both parties to the Contract and accepted by the bonding company. In once class, a student correctly pointed out that on almost every contract they had to waive some payment conditions to prevent the Contractor from walking off the job.

This is a result of some of our payment conditions not being practical in the real world and people having to find “work around” solutions. In general, ignoring Contract language is not good practice, so let’s look at an example and how it is, vs. should be handled.

Watch this and other Contract Consideration videos on MMCD Association's YouTube Channel.