10 Apr THE PAM 2006 STANDARD FORM OF BUILDING CONTRACT

THE PAM 2006 STANDARD FORM OF BUILDING CONTRACT — A CHANGE IN RISK ALLOCATION

A successful standard form of building contract would also lend itself to regulate the day-to-day relationship on site and provide a clear and definitive understanding to the parties, professionals and site personnel of their roles and responsibilities. Users and practitioners must be familiar with the particular standard form of building contract being used.

It would therefore be useful in expressing the obligations of the parties and setting out with reasonable clarity the scope of the project. It is based on the perceived good sense of providing for the problems which experience has taught in the course of construction contracts. Precision in the drafting of a contract is critical to the avoidance of disputes.