Contract Security – Risk Management on Construction Projects
BC Housing: 1.5 CPD Points
Description
No construction project is free from risks including damage to property, cost escalations, poor performance, defects, etc. There are several mechanisms that construction professionals can use to manage risk on projects.
In this webinar, the team of lawyers heading Clark Wilson LLP’s Infrastructure, Construction & Procurement group will review and discuss how the following mechanisms act as contract security for owners and contractors operating in this risk-prone industry:
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Builders Risk / Course of Construction Policy Coverage – Samantha Ip and Kim Do
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Wrap-Up Liability Insurance – Satinder Sidhu
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Construction Bonds – Scott Lamb
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Warranties – Rosalie Clark
Attendees will learn about property insurance coverage that is available during construction and wrap-up liability coverage in the context of construction claims. Further, participants will learn how construction bonds serve as useful safeguards for contracting parties on a construction project, providing security for payment and completion. The presentation also covers the nuances of contractual warranty provisions and the warranty regime mandated in BC.
At the end of the presentation, there will be a Q&A period where participants are encouraged to ask any questions they may have. If you would like to submit your questions before the start of the session, please send them to training@icba.ca
Disclaimer: The content of this presentation is for informational purposes only and should not be construed as legal advice.
Delivery Method: Virtual Session – Zoom Webinar
Course Fee Includes: Access to the course, course materials, and a digital certificate upon completion.
Sharing a single registration between two or more individuals is not permitted. Please register each person that will be in attendance.
Prerequisites
There are no prerequisites for this course.
Technical Requirements
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Computer or laptop
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This course will involve on-screen interaction with your instructor and classmates, reading/viewing on-screen content (slides or videos), and interacting via typing with questions or responses. For this reason, cellphones may not be adequate.
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Windows 10 or Mac iOS
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Internet connection - For best results, you will want to ensure you have an internet connection with an upload/download speed of 3-5 Mbps. You can test your internet speed here. Minimum recommended speed is 1.5 Mbps, but anything below 3 Mbps may result in loss of quality or buffering. Ideally hardwired connection versus wireless for stability - connect your computer directly to your router using an ethernet cable, rather than using your home wi-fi.
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A quiet space with minimal distractions - microphone will be engaged for interactive sessions. Please plan to be fully engaged in the class and clear your work schedule just as you would for the in-class program.
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Comfortable chair