At Shorcom, we operate through a relational contract, open book system. A relational contract prioritises good faith procedures, aligns goals, eliminates conflict and establishes mutual benefits.
Traditional contractual agreements typically include very restrictive terms that can stifle communication between parties and lead to conflict as each side seeks to maximise their own benefits, sometimes at the expense of the contracting party.
There are several reasons why a relational contract is the path to take. In project management for property development it is a highly beneficial option.
Learn more about relational contracts and why we use them in our most recent article published in the March edition of NZ Property Investor magazine. Read online here: https://www.scribd.com/article/628998600/New-Approach-To-Formal-Contracts
