Contracts and Bond Forms Workshop Provides Crucial Information for Bond Producers and Contractors
This NASBP Contracts and Bond Forms Workshop provides bond producers and contractors with an appreciation of the underlying obligations and risks incorporated into standard contract documents and their effect on sureties and insurers. Taught by a highly respected team of Smith, Currie & Hancock attorneys and an executive of SureTec, this course provides the attendees with an overview of the key contract provisions that directly affect the scope of the liabilities on the project bonds.
Attendees will be provided checklists and examples of actual contract provisions to illustrate these issues, risks, and obligations. By the end of the Workshop, participants will have a heightened sense of risk awareness and the skills to identify and manage those risks.
The NASBP’s one-and-one-half day intensive NASBP Contracts and Bond Forms Workshop will take place Oct. 23-24, 2014 in Dallas, TX. Highlights include:
- Key contract risk allocation provisions on bond obligations and liabilities (e.g. owner’s implied warranty of the plans and specifications, site conditions disclaimers, indemnity, and no damages for delay);
- Advising principals on risk mitigation practices;
- Analysis of standard and statutory bond forms: American Institute of Architects, ConsensusDocs, and EJCDC; statutory public bond forms (state forms) and their potential impact on a surety’s obligations and defenses;
- Review of federal government (Miller Act) payment and performance bonds (including pay-if-paid and anti-waiver issues) and potential post-completion liabilities of the surety;
- Warranty and long-term performance liabilities (including green buildings, sustainability requirements, warranty, and construction defects);
- Liabilities under value engineering change proposals (VECP); building information modeling (BIM); design-build or alternative project delivery forms (including integrated project delivery and design-assist);
- Default terms and remedies;
- Knowing when the surety can advance claims against the bond obligee; and
- A case study that evaluates risks from the perspectives of owner, contractor, surety and insurer, and discusses options from arbitration/mediation/negotiation from the perspective of each of the parties.
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Space is limited and the course is already half-filled. The registration fee of $895 for NASBP members/affiliates/associates and $1,990 for non-members includes all class materials, continental breakfast and breaks both days, and the reception on Thursday. Lunch and dinner on your own make a great time to network with your peers from across the country. All events will be held at the Hyatt Regency Dallas, where NASBP has reserved a block of rooms at a special rate of $179/night (plus applicable taxes).
The Workshop has been approved for continuing education (CE) credit in all 50 states and the District of Columbia. Information on the credit awarded in each state can be found on the
NASBP.org website.
For more information and to register online, click
here.