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• Contracts 101: Construction Contract Fundamentals

  • When
    19 Feb 2025
  •  
    8:00 AM - 12:00 PM
  • Location
    Gibson's Oak Brook

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  You don’t need to be a lawyer to read a contract (though you absolutely want one to), but you do need to understand what you are reading. You also need to understand the major differences between the AIA documents and the new Consensus DOCS. This course will help you learn which clauses to look out for so you can protect your company’s bottom line.

  Join us for a morning of education on construction contract fundamentals with attorneys John Sebastian, Brian Padove and Joel Daniel, from Watt, Tieder, Hoffar & Fitzgerald.
  

  Who should take this course:
  

  CFOs, controllers, contract administrators and contract negotiators at all levels of experience, Construction company owners and members of leadership team, Superintendents, project managers and other in-house staff who monitor or apply contract language on a job, and Risk management personnel who assess contract risks.

  Program Outline:

  • Contract Basics
  • Construction Contract Subjects
  • How the Deal Can Change
  • Defaults, Claims and Remedies
  • Owner Architect Agreements
  • Construction Liens
  • Contract Boilerplates

  Upon completing this course, you will be able to:

  • Understand construction contracts;
  • Understand how contracts shift risk;
  • Identify clauses that may be unforseeable and why;
  • Recognize contract clauses that can hurt you;
  • Propose specific language to manage your risk;
  • Modify contract language to your advantage;
  • Select the standard clauses you should use;
  • Use your lawyer more efficiently

  This course qualifies for 4 hours CPE in Business Law.

  
  

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