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.
Learning Objectives
- You will be able to determine why contacts matter.
- You will be able to explain payment terms.
- You will be able to identify prevailing party provisions.
- You will be able to review bond penal sums.
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Why Lorman?
Over 38 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
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
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Why Lorman?
Over 38 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 March 18, 2019.
Call 1-866-352-9540 for further credit information.
No Credit AvailableThis program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 38 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
Brian M. Perlberg, Esq.
The Associated General Contractors (AGC) of America, Inc.
- ConsensusDocs Executive Director and Senior Counsel
- Lead expert on construction law and contract matters
- AGC is the leading association of the construction industry with over 26,000 company members
- Serves as the executive director and senior counsel for ConsensusDocs, a coalition of 40 leading construction organizations
- On the ABA Forum on the Construction Law Steering Committee for the Contract Documents, the Executive Committee for the National Construction Dispute Resolution Committee (NCDRC) of the Arbitration Association of America (AAA), and the Board for Construction SuperConference Board
- Can be contacted at 703-837-5318
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Why Lorman?
Over 38 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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