Tips and Tactics: Pre-Contractual Risks

Purchase this archived webinar for the introductory price of only $39! The archived version is an exact replay of the live webinar and is available for you to access for six months.

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Webinar-At-A-Glance

In the context of construction contracts, the bid often operates as the offer. While the soliciting party may impose certain requirements on its bidders, generally the bidder has the control to dictate the terms of the offer. This process, before a contract is even agreed upon, presents a number of risks for both the bidder and the soliciting party.

Using specific case examples, the webinar will discuss the risks that can arise from:

• Proposal terms
• Promissory estoppels
• Letters of intent
• Purchase orders
• Flow down clauses

Who Should Consider Purchasing

This webinar is designed for surety agents and brokers, surety underwriters, and P&C agents and brokers, as well as those charged with managing construction risks or purchasing insurance for construction projects or negotiating construction contract provisions (e.g., risk managers and financial managers). It will also be informative for consultants, P&C underwriters, and attorneys who are relatively new to construction law.

Benefits to Your Participation

Attendees will gain a better understanding of how to:

• Identify and evaluate pre-contractual risks
• Apply practical strategies for mitigating risks and successfully avoid the pitfalls

Continuing Education Credit Information

Attending seven construction-focused IRMI webinars, such as this one, will satisfy the annual reaccreditation requirement for the CRIS^® program. CPCUs attending this webinar will be awarded one (1) CPD (continuing professional development) program point. This webinar has not been filed for and will not satisfy state insurance CE requirements in any state. It has also not been filed for CLE or CPE credit, but you may be able to self-file after attending the program.

Expert Presenter

The presenter for this webinar has extensive experience in representing owners, contractors, sureties, and designers in contract preparation and negotiation and in complex construction litigation.

Gerald I. Katz is senior partner in the law firm of Katz & Stone, L.L.P., with offices in Vienna, Virginia, Washington, D.C., and Rockville, Maryland, and specializes in resolving complex construction disputes. In addition to his practice, Mr. Katz lectures and speaks frequently to owners, contractors, public building officials, subcontractors, suppliers, design professionals, sureties, and others involved in construction on such topics as design-build procurement, construction risk management, negotiating construction contracts, construction claims and claims prevention, design liability, and construction insurance issues. An excellent speaker, he is a recipient of the IRMI Words of Wisdom award.

Following the presentation, attendees will have an opportunity to pose questions to the speaker.