Cost-Plus Construction Contracts: Change Orders, Audit Provisions, Negotiating Disputes, Termination
Recording of a 90-minute CLE webinar with Q&A
This CLE course will discuss cost-plus construction contracts, addressing when it is most advantageous to use, as well as the most severe drawbacks. The panel will provide examples to assist construction counsel on how to best document the changes that lead to future disputes, how best to audit a project, and how to both negotiate and terminate these agreements.
- Cost-plus basics
- Scope of services
- Change orders
- Advantages and disadvantages
The panel will review these and other key issues:
- What are the advantages and disadvantages when utilizing a cost-plus contract as a price structure?
- What are best practices for documenting change orders and keeping a cost-plus project organized?
- When and how can a cost-plus contract be terminated?
- What factors should construction counsel consider when tailoring a professional association standard form to a particular project?
John M. Frega
Troutman Pepper Hamilton Sanders
Mr. Frega advises clients in all aspects of commercial transactions, specifically focusing on the drafting and... | Read More
Mr. Frega advises clients in all aspects of commercial transactions, specifically focusing on the drafting and negotiation of master services agreements, complex design services agreements, material procurement agreements and construction services agreements. He has extensive experience in the drafting, negotiating and management of construction contracts, including design services, construction management, construction services and material procurement agreements. His experience spans across various project pricing and delivery methods, including lump sum, time and material, unit price, GMP, EPC and EPCM. In addition to his transactional practice, Mr. Frega has represented owners and contractors in litigation matters in both state and federal court. These cases have involved prosecution and defense of breach of contract, non-payment, delay and professional negligence claims.Close
Norton Rose Fulbright US
Mr. Walsh specializes in front end construction, project development and dispute resolution. He represents owners,... | Read More
Mr. Walsh specializes in front end construction, project development and dispute resolution. He represents owners, developers, contractors and design professionals in construction projects, including, energy and power plant facilities, commercial and industrial manufacturing plants, infrastructure support, warehouses, and storage facilities, hotel, condominium and multifamily residential housing developments, healthcare facilities, entertainment complexes, and shopping centers. Mr. Walsh routinely provides representation in negotiation and drafting of development, design, engineering, construction, and related agreements including advice on partnering and integrated project delivery contracts, trade labor and project labor matters, insurance, IP protection, land use and zoning, environmental and building code regulations, professional licensing issues, and accessibility laws.Close