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Credits

Sponsored by Lorman Education
Product ID: 405153EAU
 
Credit & Course Provided by:

Leveraging the New ConsensusDocs Construction Contracts

OnDemand Webinar (90 minutes)

Learn about significant changes and strategize how you can leverage the new editions of ConsensusDocs standard documents.Standard design and construction contracts set the playbook for project success or failure. Case law, technology, and insurance have changed dramatically over the past 10 years. ConsensusDocs, a coalition of 40 leading construction organizations that include leading organizations like AGC, ABC, and COAA, published comprehensive updates to its most used prime and subcontract agreement. Changes to ConsensusDocs address payment, insurance (builder's risk policy), terminations, indemnification, mediation, and arbitration, attorney's fees, and much more. You will learn from the lead staff person, the highlights of the most significant changes and strategize how you can leverage in contract negotiations in using the new editions of ConsensusDocs standard documents for design-bid-build, design-build and CM At-Risk. You will also learn how to incorporate certain provisions in modifying American Institute of Architects (AIA) A201 or manuscripted original contracts. This information will cover the ConsensusDocs general terms and conditions used in the ConsensusDocs 200, 205, 410, 415, 500 as well as properly subcontract flow down provisions in the 750 and 751 subcontracts.

Authors

Brian M. Perlberg, Esq., The Associated General Contractors (AGC) of America, Inc.

Agenda

Why Construction Contracts Matter and How Projects Fail When You Do Not Write Your Contracts for Success

Payment Terms

Changes and Notice Provisions

Termination for Convenience

Automatic Conversion Clauses of Termination for Cause

Prevailing Party Provisions

Incentives Clauses and How to Negotiate Them in Relation to Liquidated Damages

Indemnification, What Should Be Covered by Insurance, and How to Address Intentional Wrongful Acts or Omissions

Bond Penal Sums

Limiting a Builder's Design Liability by Avoiding Fiduciary Duty Terms and More