Seminars

Contract Risk Management: Tactics for Success

This 2008 seminar has concluded. The information below is provided for you to see the quality of IRMI seminars and to make plans to attend next year.

Description

The successful contractor is good at many different things including estimating, project management, running a business, collecting receivables, and motivating employees. However, there are other key components of the formula that leads to success in construction. Two of these key components are understanding contract risks and understanding insurance requirements and challenges. Understanding contract risks and construction insurance is helpful only if the contractor knows how to take practical steps to protect against and manage contract risks and to make the most of insurance coverages and requirements.

This “hands-on how to” seminar will explain up-to-the-minute practical and valuable ideas on how to analyze, negotiate and manage contract risks and to take advantage of industry best practices in the arena of construction insurance. It will go beyond insurance and indemnity to explore a broad array of contract provisions that affect contractors business (e.g., surety) risks.

Your speakers have years of experience in advising owners, contractors, and subcontractors in their respective areas of expertise, construction insurance, and construction contract law. Whether looking at typical construction insurance issues (for example, additional insured coverage, certificates of insurance) or familiar contract risks (for example, condition precedent payment, no damage for delay clauses and indemnification), they will identify and explain valuable practice tips that demystify construction insurance and contract law problems.

To immerse yourself in construction contracts for three days of learning, attend New Contract Documents and Your Bottom Line following this seminar. We've designed the two programs to complement each other, and you'll see the principles you learn in this session applied to standard documents in the next New Contract Documents seminar. Plus you'll save $100 off the combined registration fees!

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Benefits of Attending

Walk away with knowledge to:

  • Structure realistic insurance requirements that are achievable in the marketplace
  • Avoid common errors in structuring insurance requirements
  • Reduce business (e.g., surety) risks in your contracts
  • Recognize what provisions are negotiable and reasonable negotiating positions
  • Understand the concerns and needs of other contracting parties

Who Should Attend

Anyone with responsibility for evaluating, managing, or insuring construction risks will benefit from these seminars, including:

  • Risk managers and CFOs of commercial trade, specialty and general contractors
  • Risk managers of companies with plans for future commercial construction projects
  • Insurance agents and brokers with contractor or developer clients
  • Insurance underwriters
  • Surety underwriters
  • Attorneys
  • Architects and engineers
  • Lenders
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Sponsors

Learn about the services provided by the seminar sponsors:

Satisfaction Guaranteed!

IRMI is committed to providing you with the highest possible quality in education and training. If you are not 100% satisfied, IRMI will refund your full registration fee. We can make this guarantee because we know these seminars will meet or exceed your expectations.

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