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Who should attend Fundamentals Of Construction Contracts: A Nuts And Bolts Seminar
This seminar is designed for attorneys, project managers, engineers, presidents, vice presidents, contract managers, architects, contractors, subcontractors, developers, owners, principals, insurance professionals, lenders, accountants, construction managers, other construction and project management professionals and government agency professionals.
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Fundamentals Of Construction Contracts: A Nuts And Bolts Seminar  

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This seminar is designed for attorneys, project managers, engineers, presidents, vice presidents, contract managers, architects, contractors, subcontractors, developers, owners, principals, insurance professionals, lenders, accountants, construction managers, other construction and project management professionals and government agency professionals.

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Seminar Summary:

This seminar will assist construction professionals to understand basic construction law principals and identify risks associated in the contracting process from bid to close-out. (see full course description)

 
 

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Training Course Syllabus:


Managing your contracts with owners, contractors and suppliers is key to assuring profitability. Contract terms and conditions are crucial in managing your risks and meeting project goals. This program will assist construction professionals to understand basic construction law principals and identify risks associated in the contracting process from bid to close-out. Among other issues, we will discuss design and construction documents, the legal relationships that arise among the project team, contract formation principals, use of form contracts, contract management techniques and identification of key contract terms and conditions to understand and negotiate before you sign the contract.

This program will help attendees:

  • Develop A Better Understanding Of Legal And Practical Issues That Commonly Arise In The Construction Process And How To Address Those Issues In Your Construction Contracts
  • Understand Key Contract Terms To Negotiate With Owners, Subcontractors And Suppliers
  • Understand The Legal Relationships That Arise Among Owners, Design Professional And Contractors
  • Learn About E-Construction, Project Management Websites And Enforceability Of On-Line Contracts
  • Give Participants A Hands-On Approach To Drafting And Negotiating Construction Contract Clauses

8:30 a.m. - 12:00 p.m. (Break 10:20 a.m. - 10:30 a.m.)

I. Overview Of Construction Law

A. Contract Law Fundamentals

1. Contract Formation

2. Conduct That Can Create Enforceable Contracts

3. Oral Agreements – Issues To Consider

4. What Laws Can Apply To Your Transaction

5. Letters Of Intent

B. Project Delivery Systems

C. Construction Phases

D. Project Team And The Legal Relationships

E. Design Professional's Role

F. Design Documents – Responsibilities, Warranties And Claims

II. Construction Contracts

A. Using Form Contracts, Including AIA, ENJC, Purchase Orders, Acknowledgments And Other Form Contracts

B. Plans And Specifications/Drafting The RFQ And RFP/Bid Issues

C. Construction Contract Documents: Identification And Importance

D. Key Contract Terms To Understand And Negotiate

1. Project Schedule

2. Scope Of Work

3. Flow Down Documents And Related Responsibilities

4. Price And Payment Terms

5. Notice Requirements

6. Changes And Extras

7. Modifications

8. Bonding Requirements

9. Insurance/Indemnification

10. Warranties

11. Site Conditions And Risk Shifting

12. Damages

13. Substantial And Final Completion

14. Termination

15. Dispute Resolution Clauses

12:00 p.m. - 1:00 p.m.

Lunch (On Your Own)

1:00 p.m. - 4:30 p.m. (Break 2:50 p.m. - 3:00 p.m.)

III. Risk Analysis And Contract Drafting

A. Construction Risk Identification: Interactive Exercises

B. Drafting Tips To Eliminate And Reduce Risks

C. Steps To Drafting The Construction Contract

IV. Contract Negotiations And Contract Management

A. Mock Contract Negotiations

B. E-Construction, Project Management Websites And On-Line Contracting: How Do I Sign With A Mouse?

C. Importance Of Contract Management And Practical Tips To Properly Manage Contracts And Avoid Claims

D. Agency Issues And Liability

E. Wrap-Up/Questions And Answers

Seminar Summary:

This seminar will assist construction professionals to understand basic construction law principals and identify risks associated in the contracting process from bid to close-out. (see full course description)

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