Global Certificate in Construction Contract Best Practices
-- ViewingNowThe Global Certificate in Construction Contract Best Practices is a comprehensive course designed to enhance your understanding of construction contracts. This course highlights the importance of contracts in the construction industry, focusing on best practices, potential risks, and strategies to mitigate them.
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⢠Contract Formation: Understanding the legal requirements and best practices for creating and executing construction contracts.
⢠Scope of Work: Defining the work to be performed, including the extent, quality, and schedule of the construction project.
⢠Payment Terms: Establishing fair and clear payment terms, including progress payments, retention, and dispute resolution.
⢠Change Orders: Managing changes to the scope of work, including the process for submitting, reviewing, and approving change orders.
⢠Risk Allocation: Identifying and allocating project risks, such as delays, cost overruns, and disputes.
⢠Insurance and Bonds: Understanding the types and uses of insurance and bonds in construction contracts.
⢠Dispute Resolution: Establishing a fair and efficient process for resolving disputes, including mediation, arbitration, and litigation.
⢠Contract Administration: Managing the contract throughout the project, including tracking progress, documenting changes, and ensuring compliance with contract terms.
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