Understanding Construction Contracts

In Understanding Construction Contracts, you'll learn ...

• Primary ingredients and principal participants of construction contracts
• Types of contracts, including subcontracts and supply contracts and their salient features
• Bidding, negotiating and administration of construction contracts
• Claims and disputes with the procedure for resolution of disputes

Overview

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Credit: 3 CPD

Length: 38 pages

This course is a study dealing with all aspects of construction contracts. It describes the different types of contracts with their relative advantages and disadvantages. It also describes the various participants in construction with their roles and responsibilities. Legal and regulatory requirements in construction are also included.

This course is relevant to municipal engineers and engineers in private industry who are interested in learning about construction contracts.

Learning Objectives

Upon completion of this course, participants will be able to:

• Compare different types of contracts and their relative advantages and disadvantages.
• Select the appropriate type of contract for a given situation.
• Identify the roles and responsibilities of the various participants.
• Prepare contract documents for different types of contracts.
• Explain the administration of construction contracts.
• Describe claims and disputes arising from a construction contract and the process for resolving them.
• Explain legal, regulatory, and contractual concepts such as bids, bonds, finance, and insurance.
• Describe how changes occurring during construction are incorporated into a contract.

Certificate of Completion

You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 20 questions. CPD credits are not awarded until the course is completed and quiz is passed.