Description
Understand the advantages, disadvantages and risks associated with joint venture agreements.From power plants, to federal and state roadways, to multibilliondollar sports arenas, to residential subdivisions, joint venture agreements are a notable trend in the construction industry. Many contractors building large and small projects have identified more advantages than risks in partnering with their competitors in joint ventures. Learn about the advantages, disadvantages and risks associated with joint venture agreements in today’s hypertechnical and fastpaced construction industry. This information will focus on how public and private owners increasingly see a better project delivery model in contractors pursuing collaborative rather than competitive objectives. The common sense behind joint venture agreements also leads contractors to access new opportunities, qualifications, expertise and resources, most of which they would not have access to without a joint venture agreement. This material discusses how joint venture agreements correspondingly offer more creative ways of sharing risk and profit on construction projects. In addition, this material will provide examples of some essential terms used in joint venture agreements and litigation that may inevitably arise from any uncertainties in the governing contracts or general conditions. Review recent success stories from joint venture construction projects throughout the United States and how contractors have shaped their joint venture agreements to succeed.
Date: 2019-10-16 Start Time: End Time:
Learning Objectives