Contracts, Liabilities and Risk Management Course

This course can be completed for continuing education in the following states and national associations:

AIA – #AIABLTI302 MI Code Officials – #18300 Michigan LARA
Continuing Education


Contracts, Liabilities, and Risk Management
Course Description



This six hour video course explains the principles of contract law and the important elements of a home building and remodeling contract. The difference between various contracts used in the residential construction industry is also described. Requirements and types of insurance are also covered in this course, as well as the details of Workers Compensation.  This 6-hour course applies six hours towards Administrative credit.

Contract Rules and Elements (30 Minutes)

1.  Contractor law
2.  Content of written agreements
3.  Clarity
4.  Required Documents

Assessment:  5 questions

Contract Types (30 Minutes)

1.  Contract Documents
2.  Role of the Contractor
3.  Fixed Price Contract
4.  Unit Price Contract
5.  Cost Plus Fee Contracts

Assessment:  5 questions

Retainage and Scope Creep (20 Minutes)

1.  Liquidated Damages
2.  Retainage
3.  Scope Creep
4.  Request for Proposal

Assessment:  5 questions

Bidding (20 Minutes)

1.  Pre-proposal Meetings
2.  Decision Matrix
3.  Letter of Intent
4.  No Bid Letter
5.  Contract Sources

Assessment:  5 questions

Contract Formatting (15 Minutes)

1.  Fundamentals
2.  Consideration
3.  Written vs. Oral

Assessment:  5 questions

Offer and Acceptance (30 Minutes)

1.  Capacity
2.  Offer and Acceptance
3.  Terms and Conditions

Assessment:  5 questions

Consideration (20 Minutes)

1.  Consideration
2.  Agents
3.  Delegation of Responsibility – 2 minutes
4.  Reasonable Person

Assessment:  5 questions

Duress and Fraud (20 Minutes)

1.  Illegal Contracts
2.  Duress
3.  Fraud

Assessment:  5 questions

Breach of Contract (30 Minutes)

1.  Time Limits
2.  Form Contracts
3.  Fine Print
4.  Get it in Writing

Assessment:  5 questions

Home Solicitation Act (30 Minutes)

1.  What’s Covered
2.  Right-to-Revoke
3.  Cancellation

Assessment:  5 questions

Home Improvement Act (30 Minutes)

1.  Gift Promotion Act
2.  Truth in Lending Act
3.  Home Improvement Finance Act
4.  Owner Built Transfer Act

Assessment:  5 questions

Insurance, Risk and Liability (20 Minutes)

1.  Risk Management
2.  Builder’s/Property Insurance
3.  Liability Insurance

Assessment:  5 questions

Workers’ Compensation (20 Minutes)

1.  Surety Bonds
2.  Workers’ Compensation
3.  Independent Contractors – 5 minutes
4.  Classifications

Assessment:  5 questions 


Course instructors will be available by email or telephone between 9am and 5pm Eastern Standard Time. They will assist you with questions regarding course content.

If you have any questions, please call us at 1-800-727-7104 or send an email Email responses will usually be returned promptly, but guaranteed within one business day.

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