Project Requirements Definition: Specify the project needs, including budget, schedule, objectives, and project type.
Verification of Qualifications and Credentials: Confirm potential partners possess required licenses, certifications, and insurance, and investigate their legal track record.
Financial Stability Assessment: Evaluate the financial robustness of potential partners and ask for financial records and references.
Contract Terms Review: Examine the contract conditions, including work scope, payment plan, schedule, and dispute resolution procedures.
Sustainability Practices Consideration: If sustainability is crucial, question the partner’s dedication to sustainable construction methods.
Partnership Formalization: Once content, solidify the partnership with a signed agreement and initiate open communication.
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