Contracts, Liabilities, and Risk Management
This course equips contractors and construction professionals with essential knowledge to navigate the complexities of contracts and minimize risk in their projects. Participants will learn about contract terms, required elements, and pricing options, as well as how to handle proposals, warranties, insurance, and dispute resolution effectively. The course also covers critical legal concepts, including contract defenses and prohibited conduct, alongside practical strategies for managing risks and avoiding common pitfalls like scope creep and non-compliance. Designed to foster confidence and competence, this training provides tools to safeguard your business and maintain professional integrity.
Description
This course is designed to help contractors, construction professionals, and business owners effectively navigate the legal, financial, and operational complexities of their work. The course provides a comprehensive overview of essential topics, beginning with an in-depth look at contract terms, required elements, and pricing structures. Participants will gain insight into creating and interpreting contracts, including key components such as change orders, warranties, and legal documentation, to ensure clarity and compliance in all agreements.
The course delves into practical tools and strategies for managing risks and minimizing liabilities. Participants will explore various types of insurance, such as builder’s risk and comprehensive general liability, alongside surety bonds and workers’ compensation requirements. The training also covers the handling of contract disputes, offering detailed guidance on resolution processes like mediation, arbitration, and court proceedings. Additionally, participants will learn how to effectively respond to challenges such as construction delays, breaches of contract, and payment-related issues.
Through detailed examples, video transcripts, and real-world scenarios, this course equips participants with the knowledge to maintain compliance with industry standards while protecting their businesses. Topics such as foreclosure, request-for-proposal processes, and warranty management are also addressed, ensuring that participants leave with a well-rounded understanding of the tools and best practices needed to safeguard their operations. Whether you’re managing a small business or large construction projects, this course is an essential guide for ensuring professional and financial success.