Owner-generated contracts can place a disproportionate and unreasonable risk on your firm. Many of these are uninsurable or increase your risk in areas where you have no ability to control the risk. This discussion will focus on the attendees own experiences; bring sample contracts to discuss. Problem areas that may be discussed include indemnifications; ownership of documents; hidden conditions; certifications, guarantees and warranties; consequential and liquidated damages; onerous clauses, scope; budgeting, schedule; IPD - Integrated Project Delivery; and insurance requirements.
After this forum attendees will be aware of risks presented by owner-generated contracts, and how to address these issues with a potential client.
Attendees will be able to identify potentially uninsurable contracts.
Attendees will be able to provide at least three modifications to contracts and/or services to minimize risk.
Attendees will have a basic understanding of consequential and liquidated damages.
Professional Practice Forum: Understanding Owner-Generated Contracts
Cost: None; this forum is open to all. Please RSVP.
1.5 CES LUs
For more information: 510/464-3600