Building Better Construction Contracts 2012
September 18, 2012
CLE - Live Seminar
USA
Description
Traditional construction contracts do not work as well as they should to align the parties' interests and clearly define rights and responsibilities. As a consequence, the design and construction process is more dispute prone than it needs to be. This course is designed to give you the tools you need to better negotiate and draft design and construction agreements. You will learn which risk allocation clauses, including the so-called "killer clauses", work and under what circumstances and those that more often prove counter-productive. We will examine such new collaborative contracting models as Integrated Project Delivery (IPD), so as to enable you to choose what aspects of these agreements might assist your clients. We will also look at how to best leverage such new technologies as Building Information Modeling (BIM) to achieve better project outcomes. You will also learn what risks are best handled through insurance and how to draft state-of-the-art insurance and indemnity provisions, including those for such integrated programs as Owner-Controlled Insurance Programs (OCIPs). Innovative dispute resolution approaches will also be examined. This course will give you the tools to advise on many of the new and important developments in construction contracting.
- How to evaluate and draft meaningful and effective incentive provisions
- Better understand the role of insurance in construction contracting and how to negotiate and draft appropriate insurance and indemnity clauses
- To develop collaborative contracting arrangements and how the new IPD agreements work
- To identify and draft appropriate dispute resolution models
- How to leverage new technologies through creating BIM execution plans
Organized by
Practising Law Institute
810 Seventh Avenue
New York, New York
United States of America
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