AIA and Consensus Doc Contracts: 2018 Update

Date: March 8, 2018
Time: 3:00-4:30 p.m. ET / 12:00-1:30 p.m. Pacific

Description
This webinar will discuss the two main construction contract forms – AIA contract documents and ConsensusDocs – and just how the recent 2017 changes to both will impact your construction projects.  The presenters will discuss the AIA’s creation of the new insurance and bond exhibit, including limitations on exclusions in a contractor’s Commercial General Liability coverage.  Other new AIA changes include how project owners must provide proof of their financial arrangements – a lesson learned from funding issues during the recession.  AIA changes regarding electronic notices, BIM/digital data, means and methods, warranty, and owner and contractor communication will also be highlighted, with tips on how you can best protect your company’s interests.  Regarding ConsensusDocs, you will learn about the new insurance updates, as well as the revised language concerning termination for convenience, indemnification, bonds and penal sum, and dispute resolution.  

Learning Objectives
After attending this session, participants will be able to:

• Review the 2017 AIA document changes and what these updates will mean for contractors in 2018.
  
• Explain how Consensus Docs compare to AIA and other standard forms.
  
• Discuss risk allocation.
  

Presenter Jason Copley, Partner, and John Greenhall, Partner, Cohen Seglias

Level & Prerequisites This is a group-internet based program at the Overview Level. No prerequisites or advanced preparation required.

CPE information This webinar grants 1.5 CPE credits in the field of Business Law.

Who Should Attend?  CFOs and other financial managers that regularly bid and negotiate construction contracts.

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