Attendees will gain a detailed understanding of the issues and risks inherent in each contract format and will develop the tools to effectively review and modify the AIA contract forms to distribute the risks involved in the process. The course is designed to impart practical knowledge geared toward improving the bottom line. This course is not lecture oriented but rather significant time will be allotted to group discussion and exercises.
- Defining the rights, duties and obligations of the owner and contractor
- Reviewing and modifying GMP contracts and stipulated sum contract forms
- Design build contract forms and review
- Construction management contract variations
- The attendee will be able to discuss payment and lien waivers.
- The attendee will be able to identify savings provisions and subcontractor buyout issues.
- The attendee will be able to review claims and disputes.
8:30 a.m. - 8:50 a.m.
8:50 a.m. - 9:30 a.m.
II. Defining The Rights, Duties And Obligations Of The Owner And
A. Understanding Lump Sum, GMP And Design Build Roles And Responsibilities
B. Complete And Accurate Bidding And Construction Documents
C. Changes, Change Directives And Minor Changes In The Work
D. Scheduling And Timing Of Performance And Potential Damages
E. Payment And Lien Waivers
F. Submittals And Inspection
9:30 a.m. - 12:30 p.m. (Break 10:30 a.m. - 10:40 a.m.)
III. Reviewing And Modifying GMP Contracts And Stipulated Sum
A. Finding And Reviewing The Key Provisions
B. The Cost Of The Work And Excluded Items
C. Tying Subcontractors To The Complete Prime Contract/Subcontract Form
D. Changes And Differing Site Conditions Clauses
E. Savings Provisions And Subcontractor Buyout Issues
F. Discussion And Group Exercise In Document Modification
G. Questions On Additional GMP Contract Provisions
12:30 p.m. - 1:30 p.m.
Lunch (On Your Own)
1:30 p.m. - 3:20 p.m.
IV. Design Build Contract Forms And Review
A. How To Spot And Consider The Risk Shifting Provisions
B. Managing The Designer/Contractor Relationship
C. AIA Contract Provisions, Review And Modification
D. Design-Build Components In GMP And Lump Sum Contracts
E. Discussion And Group Exercise In Risk Awareness
F. Questions On Additional Design-Build Contract Provisions
3:20 p.m. - 3:30 p.m.
3:30 p.m. - 4:30 p.m.
V. Construction Management Contract Variations
A. At-Risk vs. Not At-Risk Provisions
B. The Case Of Multiple Prime Contractors
C. Claims And Disputes
D. Subcontracting Provisions And Disputes
E. Questions On Additional Design-Build Contract Provisions