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OnDemand Course

Synchronizing Joint Ventures and Project Delivery

Understand the advantages, disadvantages and risks associated with joint venture agreements.

From power plants, to federal and state roadways, to multi-billion-dollar sports arenas, to residential subdivisions, joint venture agreements are a notable trend in the construction industry. Many contractors building large and small projects have identified more advantages than risks in partnering with their competitors in joint ventures. Learn about the advantages, disadvantages and risks associated with joint venture agreements in today's hyper-technical and fast-paced construction industry. This information will focus on how public and private owners increasingly see a better project delivery model in contractors pursuing collaborative rather than competitive objectives. The common sense behind joint venture agreements also leads contractors to access new opportunities, qualifications, expertise and resources, most of which they would not have access to without a joint venture agreement. This material discusses how joint venture agreements correspondingly offer more creative ways of sharing risk and profit on construction projects. In addition, this material will provide examples of some essential terms used in joint venture agreements and litigation that may inevitably arise from any uncertainties in the governing contracts or general conditions. Review recent success stories from joint venture construction projects throughout the United States and how contractors have shaped their joint venture agreements to succeed.

Learning Objectives

  • You will be able to describe the advantages, disadvantages and risks of partnering with another contractor in a joint venture to pursue common interests and goals on a project.
  • You will be able to identify the liability risks and protections afforded to joint venture contractors.
  • You will be able to recognize how to choose, draft and incorporate essential provisions in joint venture agreements for construction projects.
  • You will be able to discuss how recent joint ventures have worked successfully to satisfy owner demands for timely and efficient project delivery.

90 minutes
Course Exam
Certificate of Completion
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Over 35 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

Joint Venture Simplified

Joint Venture Compared to Traditional Project Delivery Models

Joint Venture Advantages, Disadvantages and Risks

Joint Venture Contract Documents and General Conditions

Joint Venture Success Stories

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Why Lorman?

Over 35 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 October 16, 2019.

Call 1-866-352-9540 for further credit information.

No Credit Available

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 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

Richard G. (Rick) Erickson

Richard G. (Rick) Erickson

Snell & Wilmer L.L.P.

  • Partner in the office of Snell & Wilmer, L.L.P. (https://www.swlaw.com/people/rick_erickson)
  • Practice emphasizes all aspects of construction law
  • Conducts regular seminars and workshops on numerous topics relating to construction litigation and transactions
  • Author of many publications related to construction law and commercial litigation
  • Past chair, State Bar Executive Council for Construction Law; Affiliate Affairs Committee, Associated General Contractors; fellow, American Bar Foundation; Arizona Builders Alliance; Maricopa County Bar Association, Construction Law Section
  • J.D. degree, University of The Pacific; B.S. degree, University of Arizona
  • Can be contacted at [email protected], 602-382-6540, or https://www.linkedin.com/in/rick-erickson-9510794
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Over 35 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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Product ID: 406081
Published 2019
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