Negotiating Construction Contract Terms and Conditions: A Non-Attorney Perspective

Understanding commercial terms and conditions in construction and construction-related contracts can lessen your contractual risks and liabilities and help ensure a positive cash flow that will keep you in business.

Before you sign any new contracts, make sure you are knowledgeable about the terms and conditions in the construction contract. Learn the 7 key elements of construction contracts to help you craft them and keep you out of court.  Introducing: Practical Aspects of Negotiating Contract Terms and Conditions: A Non-Attorney Perspective -- Wednesday, September 23, 2009, 1:00 - 2:30 EDT. For details, click here.

This informative 90-minute interactive program will provide you with important information concerning commercial terms and conditions, including:

• Why scope of work, including careful, clear and definitive description -- is the most important part of a construction contract or subcontract
• Understanding the cash flow implications of various terms of payment including down payment/early payment, paid when paid, paid if paid terms, incentives for timely payments and electronic funds transfer
• A description of various forms of indemnity with examples of each
• If additional insured status and contractual liability can reduce risks
• Clauses that you can add to your contracts to protect you from change/differing site condition claims down the road
• The best dispute resolution clause you should negotiate in your contracts
• And, much more

Presented by Kit Werremeyer,  President, Southernstar Consultants LLC and J.T. (Jay) Wodarski
Regional Business Development Manager, Matrix Service Inc.

Sponsored by: WPL Publishing Co., Inc., publishers of Construction Claims Advisor, Construction Project Controls & BIM Report and Green Building Insider announces this valuable new Interactive Webinar offering Unlimited Listeners per Connection.

Attendees will also benefit from a 10-to-15 minute interactive question-and-answer session at the end of the panelist presentation to discuss specific issues or gain additional knowledge about topics covered. This 90-minute seminar will give you practical insight to draft contracts designed to work in your favor.

 This webinar is a must if you’re a design professional, engineer, architect, owner, contractor, subcontractor, manufacturer, supplier or attorney. Sign up today to gain a better understanding of contractual provisions regarding shop drawings, minimize your risks and stay out of court!  Click here to register today.

Comments

[hi vis vests]

Its important to fully understand all the terms of the contract. Even if you have a lawyer review the contract, you should understand it yourself, also.