Critical Construction Contract Provisions for Subcontractors
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On Wednesday, March 31, 2021 from 12:00 PM-1:00 PM, three of our partners presented Critical Construction Contract Provisions: What Subcontractors Should Know to Protect Their Bottom Line. This webinar covered critical contract provisions that you need to know to safeguard your project.
Specifically, this presentation will help subcontractors identify crucial contract provisions when negotiating subcontracts with the contractor. During the one-hour presentation, tips and suggestions regarding how subcontractors can negotiate and use the provisions to help successfully manage risk and protect their bottom lines are offered.
This presentation covered 14 key provisions in detail, including:
- Contract Documents
- Scope of Work
- Extra Work
- Unanticipated Prices Increases for Materials and Labor
- Force Majeure
- Claims for Additional Time or Money
- Termination & Suspension
- Limitation Damages
- Dispute Resolution
- Attorney’s Fees
During this webinar, additional resources were discussed that offer a closer look at certain provisions. These two previous presentations from our Construction Industry team include: