Understand the key issues of time and money that will have a direct impact on the success of your construction job.
The success or failure of a construction project is directly linked to the terms and conditions of the construction contracts that define the job. The owner, contractor/construction manager, and subcontractors each have distinct interests in the form and substance of the contract. This topic helps the persons responsible for the negotiation of construction contracts to address the key issues of time and money that will have a direct impact on the success of the job. We will provide you with insights into the key contract clauses and suggest modifications that may be appropriate for your next job. The preparation of a comprehensive construction contract is the best protection against time consuming and costly construction claims and dispute resolution. This information is critical for employers so they can ensure that important rights are not left behind on the negotiating table.
Learning Objectives
- You will be able to explain lump sum, guaranteed maximum price and cost-plus contracts.
- You will be able to identify key issues in change orders, delay claims and insurance.
- You will be able to review general or prime contracts.
- You will be able to describe the key issues in general or prime contracts.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Form of Contract
- General or Prime Contract
- Subcontract
- Professional Services Contract (e.g. Architect, Engineer)
Type of Contract
- Lump Sum
- Guaranteed Maximum Price
- Cost-Plus
Key Issues
- Payments
- Change Orders
- Delay Claims
- Insurance
- Scope of Work
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 22, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Ira M. Schulman
Pepper Hamilton LLP
- Partner with Pepper Hamilton LLP (New York office)
- Concentrates in construction law, for more than 35 years, focusing on all areas of dispute resolution and the drafting and negotiation of full range of construction contracts
- Represents owners and contractors in all aspects of the contracting process on public and private works projects throughout the New York City metropolitan area
- Led construction contract negotiations for many high profile projects including Trump Hotel and Towers, Chicago and numerous commercial and residential construction projects for owners and major general contractors; former special construction counsel to Westchester County, New York
- Listed in Chambers USA: America’s Leading Lawyers for Business (top 10 construction attorneys in New York City), The Best Lawyers in America and Super Lawyers (New York City)
- J.D. degree, Georgetown University; B.A. degree, Lehigh University
- Can be contacted at 212-808-2718 or [email protected]
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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