Understand the contents of the contract and better allocate risks and negotiate for more profitable outcomes.
This program will closely examine the anatomy of a typical construction contract, providing useful information for owners, construction professionals, contractors, and subcontractors. By understanding the contents of the contract, parties could better allocate their risks and negotiate for more profitable outcomes. This topic will start by examining the roles of project participants and the drafting of material terms, such as price, time of performance and scope of work. In addition to these standard terms, attendees will learn about key risk-shifting provisions that populate most construction contracts in both the residential and commercial contexts. Among the clauses that will be covered are insurance, indemnification, force majeure, pay-if-paid, pay-when-paid, differing site conditions, and dispute resolu-tion. In sum, if you build, negotiate, or fund construction projects, then you don’t want to miss this comprehensive seminar on the construction contracting process.
Learning Objectives
- You will be able to review the components of a construction contract.
- You will be able to identify the roles of project participants.
- You will be able to explain key risk shifting provisions.
- You will be able to discuss differing site conditions.
Agenda
Components of Construction Contract
- Price
- Time of Performance
- Scope of Work
Roles of Project Participants
- Owner
- Design Professional
- General Contractor
- Subcontractor
- Supplier
Key Risk Shifting Provisions
- Insurance
- Indemnification
- Force Majeure
- Pay-If-Paid vs. Pay-When-Paid
- Differing Site Conditions
- Dispute Resolution
Conclusion
Speakers
Steven Nudelman, Esq.,
Greenbaum, Rowe, Smith & Davis LLP- Partner with Greenbaum, Rowe, Smith & Davis LLP
- Chair of Construction Contracting & Risk Management Practice Group
- Concentrates practice in construction law transactions and disputes
- Charter Fellow, Construction Lawyers Society of America
- Listed in Chambers USA in the Construction Practice area
- Co-chair of Construction Law Section of New Jersey State Bar Association
- Can be contacted at 732-476-2428 or snudelman@greenbaumlaw.com
Who Should Attend
This live webinar is designed for engineers, attorneys, architects, construction and project managers, presidents, vice presidents, contractors, subcontractors, contract managers, and developers.
