Managing "At Risk" Construction Contracts

Overview
Dates/Locations
Agenda
Accreditation
Travel
Level

Overview

Owners have been pushing for general contractors to enter into “at-risk” contracts more frequently. Despite the contractor being at-risk, you might be surprised to hear who is actually at risk.

The instructor will discuss ways your organization can better manage at-risk contracts and analyze sub-contractors/vendors as well as offer practice tips on ways to manage your construction budget through process enhancements and audit techniques.

Learning Objectives

At the completion of this course you will be able to demonstrate the following:

Understand the challenges with transparency
The use and benefits of technology in applying payments
Understand the realities of who is “at-risk”
Recognizing differences in contract frameworks
The ability to evaluate and develop internal project governance procedures
How to audit construction projects and develop oversight

Dates/Locations

No upcoming dates/locations at this time

Agenda

8:00 AM - 3:00 PM

Las Vegas Government Contracts Week

Construction Basics

Understand challenges with establishing transparency. Open book principle
Discuss payment applications and the benefits of using of technology
Trends and challenges in the construction industry
Setting the rules/learning the contract

Construction Contracting: Contract Types, Project Delivery Methods

Discuss the pros, cons and risks associated with commonly utilized construction contract types
Understand who is actually “at-risk”, despite contract terms
Template construction contracts vs. homegrown
Contract ambiguity and owner friendly clauses

Project Controls

Learn best practices to proactively manage project risks & reduce the number of change orders
Evaluating and developing internal project governance procedures
Benefits of leveraging someone removed from the construction project team
Segregation of duties; practical suggestions to alleviate commonly identified issues
How to store and leverage data collected throughout the duration of the construction project (from paper files to electronic)
List of procedure documents to have in place

Auditing Construction Costs & Ongoing Monitoring

Establishing criteria to evaluate multiple construction projects (which projects are higher risk than others)
Discuss common project delays and how to stay ahead of those
Construction project risk assessment and proactive measures
Learn how to audit construction projects and oversight that can be performed during each phase of construction
How to scope a construction audit engagement and estimate of hours needed (level of effort)
Vendor and consultant evaluations; timing and how to evaluate

Accreditation

See Individual Courses For Available Credits

Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.

CPE: Continuing Professional Education

Field of Study: Specialized Knowledge

Delivery Method: Group-Live Classroom

Federal Publications Seminars is affiliated with West Professional Development and is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.

CPE Hours

This program is eligible for: 6 (CPE) hours of credit

Program Level: N/A

Program Prerequisite: N/A

Advance Preparation: N/A

Method: N/A

CLP: Continuous Learning Points

Approved for CLP by Defense Acquisition University

Defense Acquisition Workforce members must acquire 80 Continuous Learning Points (CLP) every two years from the date of entry into the acquisition workforce for as long as the member remains in an acquisition position per DoD Instruction 5000.66. We will provide you with documentation of points awarded for completing the event.

CLP Hours

This program is eligible for: 6 (CLP) hours of credit

CLE: Continuing Legal Education

States have widely varying regulations regarding MCLE credit. LegalEdcenter is an approved provider in AL, AK, AR, CA, GA, IL, ME, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VI, VT, WA, WI, and WV. Credit may be applied for in other jurisdictions on request and in accordance with state MCLE rules.

Please note that because some states are changing their policy on CLE reporting, you will need to fill out the request for credit from Federal Publications Seminars within 10 business days, or we may not be able to issue credits for the program.

CLE Hours

This program is eligible for: 5.50 (60 minutes), (50 minutes)

Travel

No travel information is available at this time

Level

100

Basic or fundamental subject matter is covered. Courses are geared to general knowledge or can be taken as a refresher.
200

Specific topics or issues within a topic area are covered. Students should be familiar with terms of art and general concepts concerning the course topic.
300

Workshops and class discussions cover specific subject matter in-depth, and participation is strongly encouraged. Attendees should have at least 2-3 years' experience in the area of study.
400

Courses build upon students' knowledge and experience, and cover complex issues within the subject matter. Should have 4-5 years' mastery of subject for in-depth analysis.
500

Masters-level programs designed for professionals with 5+ years' experience. Courses cover in-depth and technical analysis on specific subjects and updates on current issues.