This session will explore the importance of a comprehensive approach to contract negotiations, including an assessment of operational risks unique to each project. Assessment of operational risks may include site conditions and location, project team experience, project schedule, safety concerns, and client relationships. This course will also highlight the importance of engaging key stakeholders (both internal and external) as partners to identify, assess, and mitigate such risks. In this interactive session, attendees will benefit from hearing real-life experiences and examples.
Present the importance of a comprehensive approach to contract reviews and negotiations including assessment of operational risks unique to each project
Discuss how mitigation of operational risk impacts contract negotiations
Discover the importance of identifying and engaging key stakeholders as partners
Explain how open dialogue and transparency among stakeholders during the contract review process can reduce conflicts, costs, and delays
Realize how legal costs can be reduced through effective and efficient use of outside counsel