What to keep in mind
Review works contracts, certification and payment schedules, advance payments, insurance, project vehicles and internal authority for guarantees.
Participation in a shared project does not necessarily make every participant liable on identical terms.
Distinctions often confused
A construction contract and the joint venture used to perform it are different legal relationships.
Frequently asked questions
Should a separate company be formed for each project?
That depends on investors, risks, costs and business needs.
Who is liable for a subcontractor's breach?
The main contract, governing law and third-party duties determine the answer.
Informational content. It is not a substitute for professional advice.