Shifting Risks: Contract Time Provisions in Construction Contracts (On-Demand)

Course Description

The saying, “Time is money,” is extremely relevant when it comes to construction projects. This course focuses on some of the most common time provisions in construction contracts, offering drafting tips and concerns from the perspectives of the owner and contractor. Most time provisions are subject to negotiation, and it is helpful to understand these clauses, their impact on construction projects and the extent to which they may reasonably be negotiated.

Syllabus

1. Definition of “Contract Time”
2. Substantial Completion
3. Liquidated Damages
4. Bonus Provision
5. No-Damage-for-Delay Clause
6. Force Majeure

Instructor

Steven Nudelman, Esq.