Construction Contracts, Part 2 - 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. 

• Identifying, mitigating and allocating risk among property owners, developers and investors
• Spotting red flags and identifying risks in construction contracts
• 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, 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.