This article considers some of the key options which may be available to the parties, both before and after contract execution, in order to minimize the risk of disputes and maximize the chance of the project being a success.

At a glance

• Carry out thorough due diligence: both the customer and the supplier should carry out thorough due diligence during the partner selection process and prior to contract signature.
• Involve the project delivery teams and stakeholders: Consult and align project delivery teams and stakeholders prior to execution of the contract.
• Negotiation considerations: During negotiations, make sure both parties have considered the key contractual elements required to assist with dispute avoidance.
• Exercise good contract management: Ensure that the contract is implemented, and actively managed, in accordance with its terms.
• Early issue management: Consider any potential issues at the earliest opportunity and manage these proactively in line with the contractual terms.