Understand the various aspects of cost-plus contracting as well as common issues that may arise.
This topic will provide a guide to when and how to use cost-plus contracts for construction projects. The information provided will include bidder identification, solicitation methods, evaluation criteria and methods, trade and subcontractor issues, administration of cost-plus contracts, payment issues, risk allocation issues and post-construction auditing. We will then look at key contract provisions associated with cost-plus contracting, how to manage costs in cost-plus contracts and finally how to protect ownership from unscrupulous contractors.
Learning Objectives
- You will be able to review what makes up a cost-plus contract.
- You will be able to discuss the role of the architect.
- You will be able to explain disputes under cost-plus contracts.
- You will be able to identify fraud issues.
Agenda
What Is a Cost-Plus Contract?
- Best Use
- Significant Features
Administration of Cost-Plus Contracts
- Role of the Architect
- Change Orders
- Interim Audits
- Payment
Disputes Under Cost-Plus Contracts
- Auditing the Project
- Auditing the Contract
- Cost-Plus Contracts and Fraud Issues
- Fighting Collusion and Kickbacks
- Bid Rigging and Collusion
- Fraud Examples
The Future of Cost-Plus Contracts
- Transparency, Scrutiny, and Litigation
- Increasing Criminalization of the Construction Industry
- Practical Considerations
Methodology
The publisher uses data provided by the US government such as the Bureau or Labor Statistics and the US Census to analyze and make forecasts regarding expected changes and risk in US real estate markets.
LOADING...
Speakers
Carol A. Sigmond ,
Cohen Seglias Pallas Greenhall & Furman PC- Managing partner of the New York office of Cohen Seglias Pallas Greenhall & Furman PC
- Concentrates her practice on construction industry matters, including contract preparation, mediation, litigation, suretyship, bid protests, appeals, and arbitration
- Extensive experience litigating construction disputes for public works and buildings in both the public and private sectors
- Represents New York clients in construction defect litigation relating to issues that arise when adjacent owners develop their properties
- Current Vice President of the New York State Bar Association and the former President of the New York County Lawyers Association
- Frequent speaker and author on topics relating to construction law and publishes The Co-Op Condo Help Line appearing monthly in various Mann Report publications
- Member of Law360‘s 2019 Construction Editorial Advisory Board
- Sits on the Lawyers Council of the Citizens Crime Commission of New York City and is a member of the Construction Lawyers Society of America
- J.D. degree, The Catholic University of America School of Law; B.A. degree, Grinnell College
- Can be contacted at csigmond@cohenseglias.com or 212-871-7400
Who Should Attend
This live webinar is designed for project managers, construction managers, contractors, subcontractors, presidents, vice presidents, construction professionals, engineers, architects, government officials, and attorneys.
