Description

Proper risk management dictates that risk from the prime contract should flow to the subcontract proportionately. Potential gaps can lead to significant losses. Owners often push for difficult requirements to shift risk. Subcontractors and suppliers are increasingly pushing back on risks in subcontract negotiations. This webinar will provide fundamental principles for appropriate flow-down provisions and the most important provisions that general contractors and subcontractors alike should focus their attention upon. By attending, you will gain a deeper understanding of critical issues like pay-if-paid and pay-when-paid, as well as minimizing conflicts between contract documents and scope gaps.

Learning Objectives

• Understand the differences between pay-if-paid vs. pay-when-paid and how to draft precisely on this critical issue
• Understand how notice requirements should be flowed down for claims and other issues
• Learn how conflicts between the prime and subcontracts matter and the implications of contractual precedence
• Gain tactical pointers for termination for convenience

Speakers

Bryan Kelley, Vice President, Legal at Howards S. Wright, a Balfour Beatty company

Michael Candes, Associate General Counsel at Hensel Phelps

Nora Degnan, Vice President/Director of Operations at Thorne Associates, Inc.

Moderator

Brian Perlberg, Executive Director of the ConsensusDocs Coalition & Senior Counsel at the Associated General Contractors (AGC) of America