What does proper record-keeping help contractors with in the event of disputes?

Proper record-keeping is essential for contractors, particularly during disputes, as it provides a clear and detailed documentation of project details. This documentation can include contracts, change orders, correspondence, financial records, and project timelines. In the event of a dispute, having accurate and organized records allows contractors to present evidence supporting their claims or positions effectively. This evidence can clarify misunderstandings or discrepancies that may arise between parties regarding project scope, performance, or payment terms.

In construction projects where multiple stakeholders are involved, records can help preserve the history of decisions made, changes implemented, and agreements reached. The strength of this documentation helps avoid or settle conflicts more amicably and can serve as critical proof during legal proceedings or mediations. The importance of maintaining these records cannot be overstated, as they are foundational to maintaining both accountability and transparency throughout the construction process.