Why should a standard form of contract be used?

A standard form of contract gives certain privileges that are not usually offered by a bespoke contract. The main ones are listed below:

CERTAINTY

The performance expected for each party involved in the contract is known and stated.

STANDARDIZATION

It allows a contractor and the professionals to be familiar with the rules laid down, saving time, helps avoid confusion and provides a tried and tested framework for successful completion of a contract.

SUITED FOR PURPOSE

There are several different forms of agreement available, each one suitable for particular projects.  As a professional, part of your role is to know of the available options and choose the appropriate form of contract for the job in hand.

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