Unit Price Adjustment Provisions in Construction Contracts (OnDemand Webinar)

$149.00

SKU: 411397EAU

Description

Understand the issues involved in unit price contracts from the procurement phase of a project through potential disputes.Construction projects can utilize a variety of pricing arrangements for contracts and change orders. One of the most common pricing methodologies is the unit price arrangement. Unit pricing is considered a fair and equitable way to establish the cost of certain types of work, and because it is allencompassing, is relatively easy to administer during the project. However, unit price agreements are not without risk and can expose the parties to unforeseen consequences. An understanding of the legal issues involved in unit price contracts from the procurement phase of a project through potential disputes can help owners, design professionals, contractors, subcontractors and their accountants and lawyers mitigate these potential risks. This topic will examine unit pricing in detail, discuss the advantages and disadvantages as compared to other construction pricing arrangements and highlight issues that may arise from the bidding stage through contract close out and the resolution of claims and disputes.

Date: 2024-05-30 Start Time: End Time:

Learning Objectives

Comparison of Basic Pricing Alternatives
• Lump Sum
• Cost Plus Fee
• Guaranteed Maximum Price
• Time and Materials
• Unit Prices

Bidding and Unit Prices
• Bid Mistakes
• Unbalanced Bids

Adjustment of Unit Prices
• Equitable Adjustments
• Qualitative Changes
• Differing Site Conditions
• Extras and Changes
• Variation in Quantity Clauses
• Cardinal Changes

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.

Lisa Lombardo-Gibbons P.C.

Unit Price Adjustment Provisions in Construction Contracts (OnDemand Webinar)

$199.00

SKU: 408230EAU

Description

Understand the issues involved in unit price contracts from the procurement phase of a project through potential disputes.Construction projects can utilize a variety of pricing arrangements for contracts and change orders. One of the more common pricing methodologies is the unit price arrangement. Unit pricing is considered a fair and equitable way to establish the cost of certain types of work, and because it is allencompassing, is relatively easy to administer during the project. However, unit price agreements are not without risk and can expose parties to unforeseen consequences. An understanding of the legal issues involved in unit price contracts from the procurement phase of a project through potential disputes can help owners, design professionals, contractors, subcontractors and their accountants and lawyers mitigate these potential risks. This topic will examine unit pricing in detail, discuss the advantages and disadvantages as compared to other construction pricing arrangements and highlight issues that may arise from the bidding stage through contract close out and the resolution of claims and disputes.

Date: 2021-03-24 Start Time: End Time:

Learning Objectives

Comparison of Basic Pricing Alternatives
• Lump Sum
• Cost Plus Fee
• Guaranteed Maximum Price
• Time and Materials
• Unit Prices

Bidding and Unit Prices
• Bid Mistakes
• Unbalanced Bids

Adjustment of Unit Prices
• Equitable Adjustments
• Qualitative Changes
• Differing Site Conditions
• Extras and Changes
• Variation in Quantity Clauses
• Cardinal Changes

AIA ,ENG ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Lisa Lombardo-Gibbons P.C., Damian Santomauro – Gibbons P.C.