Contracts are developed between two or more parties to ensure that the operations governed by these parties are well coordinated and protected. Contracts ensure that each member of the contract is protected against any form of malpractice from another party within the contract. However, there are instances whereby the parties involved in a contract agreement do disagree with each other or fail to conduct their responsibilities. In the construction business, a contractor is required to execute their construction duties while the client is supposed to execute their obligations. When preparing a contract, the bank is also required to guarantee the full price of the project (Love & Tam, 2010). This is often a requirement that should be included when developing contracts in the building industry. All parties to a contract play a crucial role in ensuring that a contract is sustainable and is efficiently executed. Also, to ensure the validity of the contract, the builder should be duly registered with the relevant authorities within the country.
Bringing disputing parties together
The first step towards solving a dispute within a project is to bring the affected parties together. In this scenario, the contractor and the project manager are in conflict because the project manager did not consult with the structural engineer concerning the structure of the building and whether it will be able to hold the load of the bi-fold doors that were to be installed. In a bid to solve the conflicting situations, all the conflicting parties should come together and air their grievances. This meeting will provide a platform where all parties involved will be in a position to take out their views and opinions. This will bring out the problems that caused the dispute to occur at first (Irani, 2010). Once all problems are aired out, the solution can then begin to be formulated and proposed to ensure that a solution is found. These are the first stages of finding a solution to a problem that is facing a project. Each party in the meeting will get an opportunity to state where they feel wronged and what they think should be done to solve the problem in their opinion.
The aim of having these talks is to bring all parties to a common ground of understanding. It is in the best interests of the parties involved in the dispute to try and solve the problem to ensure the successful completion of the project. It is crucial to maintain a good relationship between all parties that are involved because it ensures that the project works goes on smoothly (Buijs & Edelenbos, 2012).