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.