Phase 1. pre-contract - specification and contract review
Prior to the owner signing any agreements, Arrow’s in-house technical experts will work closely with the captain and chief engineer to either produce or review a detailed project specification along with the associated technical drawings and plans. This review is crucial for your protection as it will ensure that all refit works have been properly defined and specified. In addition it will highlight exclusions and omissions from the scope of work that could significantly increase the budget if not identified at this early stage.
Arrow will also work with the client’s legal team to review the terms of the shipyard’s refit contract as well as any subcontractor contracts. In conjunction with this the overall refit schedule will be reviewed together with contractual milestone payments.
In short, engaging Arrow at this stage in the process will give you peace of mind as our expertise will bring you a detailed refit specification, ensuring you avoid hidden costs, maximize your negotiating leverage at the pre-contract stage and significantly reduce your risks post signature.
Pre-Contract services:
Project planning and development
Shipyard evaluations
Refit Specification production/review
Technical drawing review and revision
Review and negotiation of refit contract with client’s legal team
Review of refit schedule in conjunction with contractual milestone payments
Review of subcontractor contracts and payment terms