You think you have an understanding. So you prepare and sign an agreement with all the key points, and send it to the other side for signature. You even add a provision, asking that the document be signed and returned by a particular date. What if it isn’t; do you still have a deal?
More than midway into a project, two architects were terminated by a college for unsatisfactory performance. The college also alleged that since the architectural partnership had never obtained the requisite certificate of authorization, there was actually no valid contract in place.
Because of the length of time it takes to complete a project, the number of parties involved, and the general unpredictable nature of construction work, it is rare that a contract for such work remains unchanged from start to finish.