Description
Gain a better understanding of the construction payment process and provisions that protect both parties’ interests.By showcasing the contractual terms that impact the legal rights and responsibilities of owners and contractors for private construction projects, this program aims to familiarize you with the construction payment process. You will gain insights into the provisions that owners should have their attorneys include to safeguard their interests and ensure you are getting what you paid for. This program will highlight the contractual provisions that contractors must pay attention to so that they can receive fair compensation for their services.
Date: 2023-06-07 Start Time: End Time:
Learning Objectives
Overview
Progress Payments
• Supporting Documentation
• Timing for Review
• Approval and Tendering of Payment
• Prompt Payment Act Concerns
• Interim Lien Waivers and Releases (From Relevant Parties)
Substantial Performance
• Definition
• Purpose
• Release of Retainage
• Warranty Period
• Getting to Final Completion
Final Payment
• Supporting Documentation
• Approval of Payment
• Final Lien Waivers and Releases (From Relevant Parties)
• Final Payment
Questions
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ENG ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Kersten Kortbawi, Esq.-Greenbaum, Rowe, Smith & Davis LLP, Steven Nudelman, Esq. – Greenbaum, Rowe, Smith & Davis LLP
