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Construction Contracts, Risks & Insurance

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Introduction

Understanding construction contracts, risks, and insurance is vital for anyone tasked with building, financing, owning, improving, maintaining and/or managing real property.

Legal risks, administrative issues, sky-rocketing workers’ compensation costs, fees and taxation, and complicated policy issues are only a few of the reasons why construction costs escalate.

This presentation is designed to help you avoid the most common pitfalls that cause project shortcomings, defects, delays, cost over-runs, legal disputes, and headaches in general.

Learning Objectives

  • Grasp construction contract writing and key risk management components

  • Introduce a framework to address common pitfalls

  • Present an array of insurance products applicable to construction professionals, businesses, and projects

  • Understand the PFCS DBSKCV Construction Management Method and its value in risk management

Program Outline

  • Introduction

  • Contracting 101

  • Purchasing Construction Services

  • Scope of Work

  • Contract

  • Risks

  • Insurance

  • Conclusion

Resources