Description
Better evaluate the desirability of bidding upon or taking a specific job, and protect yourself from loss.
This topic will provide information and knowledge on legal and contractual issues affecting commonly encountered subcontracts, such as changes and extras, pricing, termination, dispute resolution, risk allocation, pay to be paid provisions, and other common clauses. The information obtained will assist you in fully comprehending the risk you are assuming in a contract. Knowledge of the risk will allow you to better evaluate the desirability of bidding upon or taking a specific job and will help you to protect yourself from unforeseen or unanticipated loss.
Date: 2023-03-09 Start Time: 1:00 PM ET End Time: 2:05 PM ET
Learning Objectives
* You will be able to describe the risk the subcontractor is assuming in a contract.
* You will be able to recognize the risk subcontractors take on while bidding or taking on specific jobs.
* You will be able to discuss dispute resolution and implied obligations.
* You will be able to explain passthrough provisions.