Construction Contracts: Drafting Issues, Spotting Red Flags and Allocating Risk, Part 1

course

COURSE INFO

  • Available Until 12/23/2021
  • Next Class Time 1:00 PM ET
  • Duration 60 min.
  • Format MP3 Download
  • Program Code 10272020
  • MCLE Credits 1 + hours


Course Price: $79.00
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COURSE DESCRIPTION

Construction contracts are among the most difficult agreements to draft or review, and negotiate.  At every stage, building is fraught with substantial risk – timely regulatory approvals, cost containment and price certainty, financing contingencies, building deadlines, and a host of other risks. If these risks materialize, as is common, the bargained for exchange among the parties and their expectations are radically unsettled. Construction contracts are a careful allocation of risks, a compromise between flexibility and price/cost certainty, and establish procedures for resolving disputes short of costly litigation. This program will provide you with a practical guide to drafting the most important provisions of construction contracts.

 

Day 1:

  • Reviewing and drafting essential provisions of construction contracts
  • Use and common mistakes in using AIA contacts in negotiations with builders
  • Defining the scope of a project and planning for modifications
  • How fees and costs are structured – and allocating risk of modification
  • Tying performance standards and timelines to payments

 

Day 2:

  • Insurance and indemnification provisions of construction contracts
  • Role of subcontractors and mechanics’ and materialmen liens
  • Anticipating disputes between property owners and builders, and building in cost-effective dispute resolution
  • Role and limitations of different type of damages

 

Speaker: 

John Miller is the principal of John R. Miller, PLLC in the Charlotte, North Carolina and was for 39 years a partner with Robinson, Bradshaw & Hinson, P.A.  His practice encompasses corporate and securities law, mergers and acquisitions, banking and finance, and construction law.  He was selected by his peers for inclusion in "The Best Lawyers in America" and for inclusion in Business North CarolinaMagazine's"Legal Elite" as one of the top business lawyers in North Carolina.  He received his A.B. from Duke University and his J.D., with distinction, from Duke University School of Law.