Construction Contracts, Part 1 - 2018

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. The construction contract is a comprehensive and careful allocation of risks, a compromise between flexibility and price/cost certainty, and establishes 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 and cost-effective resolution of disputes. 

• 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 changes
• Tying performance standards and timelines to payments – progress payments and retainage 
• Issues involving contractor licensure and subsequent claims

Speaker: John Miller, John R. Miller, PLLC, Charlotte, NC

NOTE: This program was originally produced as a telephone seminar and is available on demand in streaming audio. This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics or elimination of bias credit.