Description
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 don’t 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.
Date: 2022-05-25 Start Time: End Time:
Learning Objectives