While the benefits of a partnership may seem quite clear, the pitfalls of such an arrangement are numerous and often overlooked. The most common mistake made by contractors entering into a partnership is the lack of a formal and comprehensive written
partnership agreement. The majority of disputes that arise out of partnerships are because they have failed to create a formal agreement or because the agreement fails to address potential points of contention between
all parties involved.
Prior to forming an official partnership, it is critical that all the parties involved sit down to discuss their expectations of each other as well as their specific goals. A key factor at this stage of the
partnership is transparency. Each contractor should have a good understanding of what each individual or company is bringing to the table. Transparency is essential to creating a good partnership and a strong business
relationship.
Turner is a North America-based, international construction services company and is a leading builder in diverse and numerous market segments. The company has earned recognition for undertaking large, complex projects, fostering innovation.
PCL is a group of independent construction companies that carries out work across Canada, the United States, the Caribbean, and in Australia. These diverse operations in the civil infrastructure, heavy industrial, and buildings markets are supported by a strategic presence in 31 major centers.
At Kiewit, the projects we deliver make a difference, and we offer opportunities for you to make one, too. Our construction and engineering professionals work on some of the industry’s most complex, challenging and rewarding projects.