Course description
The Writing and Rewriting of Subcontracts for Construction Work
Gain a better understanding of subcontracts and how various subcontract and purchase order terms affect their interests.
Construction projects have been analogized to battlefields because they both require meticulous planning and coordination of the movements of large groups of people and materials in the midst of chaos, uncertainty, and risk.
Unlike war, the participants in a construction project can manage the chaos, uncertainty, and risk through carefully drafted and negotiated contracts. Carefully drafted and negotiated subcontractors dont happen by accident. Rather it takes representatives of both the contractor and the subcontractor who are knowledgeable about the typical terms and conditions of subcontracts to draft and negotiate effective subcontracts to manage the uncertainties and risks that could arise on a construction project. Managing the uncertainties and risks of a construction project is the best way to avoid the project from becoming a chaotic battlefield.
This course is critical for individuals who draft, review, negotiate, modify, and administer subcontracts and purchase orders. This material will also provide you with a better understanding of subcontracts and purchase orders, the subcontracting process, and how various subcontract and purchase order terms affect their interests.
Do you work at this company and want to update this page?
Is there out-of-date information about your company or courses published here? Fill out this form to get in touch with us.
Upcoming start dates
Who should attend?
This live webinar is designed for attorneys, construction and project managers, owners, presidents, vice presidents, accountants, accounting professionals, human resource managers, contractors, subcontractors, architects, and engineers.
Training content
Introduction
Types of Subcontracts
- Common Law
- Sale of Goods
- Hybrid
The Flow Down Concept
- The Flow Down Clause
- Flow Down Problems
Payment
- Payment Conditions
- Prompt Payment Statutes
Other Key Subcontract Clauses
- Claims
- Indemnification
Certification / Credits
Credits: AIA ,CLE, ENG ,ICC
Learning Objectives
- You will be able to identify the differences between a subcontract and a supply contract and why it matters.
- You will be able to discuss effective strategies for negotiating subcontracts.
- You will be able to recognize different types of subcontract provisions.
- You will be able to explain how to draft subcontracts that are consistent with the terms of the general contract.
Contact this provider
Lorman Education Services - Live and On-Demand Courses
Lorman Education Services is a leading provider of online professional development and corporate training for organizations and individual professionals. For more than 30 years, Lorman has delivered relevant, high-quality, professional-level courses that cover a broad range of business and technical...