Mastering Subcontracts – Maximizing Opportunities And Mitigating Risks

October 22, 2024 1:30 PM - October 23, 2024 5:00 PM (NDT)

Description

oday subcontracts are becoming more and more confusing and onerous with the General Contractors pushing more and more risk, responsibility and liability onto the Trade Contractor, so it behooves the Trade Contractor to have a greater understanding of the contract before a problem threatens their business rather than after. In the intricate world of construction projects, subcontracting plays a crucial role in achieving success.

Course Details:
Date: October 22 & 23
Time: 1:30 - 5:00 P.M. (NT)
Location: Virtual Classroom: 2 Sessions of 3.5 hours each (total 7 hours)
Gold Seal Accreditation: This workshop is accredited for 2 Gold Seal Credits
Pricing: Member Rate: $299.00 plus hst / Non-Member Rate: $399.00 plus hst            
    

However, navigating the complexities of subcontracts requires a keen understanding of both the opportunities they present and the risks they entail. Today, subcontracts are increasingly complex and burdensome, with general contractors transferring more risk, responsibility, and liability onto subcontractors. Therefore, it is imperative for subcontractors to gain a deeper understanding of contracts before potential problems arise, rather than after. Formally this workshop was named Trade Contracts – A Double-Edged Sword. 

In this workshop, we will delve into the strategies and practices that enable participants to leverage subcontracting opportunities to their fullest potential while mitigating associated risks. Whether you're a seasoned subcontractor or new to the subcontracting arena, this workshop is designed to provide valuable insights and practical tools to enhance your subcontracting endeavors. Participants will utilize a manual featuring spreadsheets and checklists to explore the contractual responsibilities of subcontractors. 

We will examine clauses pertaining to design responsibility, performance specifications, conduit or flow-down provisions, scope of subcontract work, payment terms, insurance requirements, protection of work, warranties, and temporary site facilities. Furthermore, we will delve into contract law, terms and conditions, incorporation by reference, and other pertinent contract terms. 

Participants will collaborate to develop a "Subcontract Handbook," enhancing your understanding of contract requirements. Additionally, we will utilize a green, amber, and red-light system to analyze actual subcontract clauses, empowering participants to identify clauses of concern when reviewing and comprehending construction contracts they are considering bidding on or signing. This workshop offers a unique resource: a comprehensive manual serving as a reference and companion throughout the sessions. 

Drawing upon over 40 years of collective experience in the construction industry, this manual is a valuable asset. It provides practical how-to guides, checklists, and templates, serving as a foundation for implementing new processes and procedures, whether in the office or on the jobsite. 


Who should attend this workshop:
Subcontractors: Individuals or companies who perform specific tasks or provide specialized services that are secured by subcontract. Project Managers: Professionals responsible for overseeing construction projects and managing subcontractor relationships and writing subcontracts. Construction Managers: Individuals who coordinate and supervise construction activities, including subcontractor work and writing subcontracts. General Contractors: Companies responsible for overall project management and coordination, including subcontractor selection and management. Estimators: Professionals who prepare subcontracts for construction projects. Contract Administrators: Individuals responsible for managing contracts, including subcontract agreements and compliance. Legal Professionals: Lawyers or legal advisors who specialize in construction law and subcontract negotiation. Anyone involved in the construction process who seeks to improve their understanding of subcontracting practices and enhance their ability to understand and write effective subcontracts.


INSTRUCTOR: Lee Kelly, M.A.A.T.O., P.GSC President, Constructing Minds Inc.
Lee Kelly, M.A.A.T.O., P.GSC. With over 30 years of construction management experience under her belt, Lee has gained extensive knowledge and a solid foundation in construction practices, processes, and procedures. Lee was recently awarded The Construction Institute of Canada (TCIC) Chancellor's Award of Excellence.



This workshop is total 7.0 hours, and is worth 2 Gold Seal credits. Please click here for more information on gold seal certification and how you can become certified.  

                

Pricing

Member Rate: $299.00 plus hst
Non-Member Rate: $399.00 plus hst

Instructor-led Live Webinar
Event Contact
Adelle Byrne
(709) 753-8920
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October 22, 2024 1:30 PM - October 23, 2024 5:00 PM (NDT)
Date: October 22 & 23 Time: 1:30 - 5:00 P.M. (NT) Location: Virtual Classroom: 2 Sessions of 3.5 hours each (total 7 hours) Gold Seal Accreditation: This workshop is accredited for 2 Gold Seal Credits
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