Navigating Common Construction Contracts
Become familiar with the essential elements of the most commonly used construction contracts and the risks inherent in each. Acquire the tools to effectively review and amend contracts to minimize the risk of claims, disputes, and litigation and to improve the financial performance of projects. Topics include the rights, duties, and obligations of the owner and contractor; GMP contracts, stipulated sum contracts, design-build contracts, and CM contracts; contract formation; typical contracts and conditions; subcontracts; privity of contracts; defaults and terminations; changed conditions; changes and extra work; payments; lien law; surety bonds; and fraud, duress, and mistakes.
You'll Walk Away with
- Knowledge of the legal liabilities and risks inherent in the most commonly used construction contracts
- The ability to review contracts and perform risk mitigation
- Construction project managers
- Real estate developers and managers