Understanding and Negotiating Construction Contracts The complexities of construction contracts are made easy with this thorough and readable guide Construction contracts can be complex for both owners and contractors. For contractors, negotiating fair and balanced commercial terms in contracts is just as important as properly managing projects; a properly negotiated contract can mitigate unnecessary risk and unnecessary risk transfer. This, in turn, reduces exposure to financial liability for the contractor and for avoidance of contract claims and disputes. Understanding and Negotiating Construction Contracts provides a comprehensive and readable introduction to the world of construction contracts. Providing, for example, coverage of the four most common types of contracts—lump sum/fixed-price, cost-plus, time-and-materials, and unit-pricing—it promises to reduce uncertainty and allow contractors to enter contractual negotiations with greater confidence to be able to achieve a fair and balanced contract. This updated new edition reflects the up-to-date best practices to understand how to better negotiate the commercial terms and conditions in construction contracts. Readers of the second edition of Understanding and Negotiating Construction Contracts will also find: Updated information on indemnity, insurance, and negotiation An all-new chapter with a contract analysis checklist Real-world examples drawn from small residential, retail, large commercial, and international projects Understanding and Negotiating Construction Contracts is essential for construction professionals and college students studying construction contracts and the liabilities arising out of them.

In Understanding and Negotiating EPC Contracts, Volume 1, Howard M. Steinberg presents a practical and comprehensive guide to understanding virtually every aspect of engineering, procurement and construction (EPC) contracts for infrastructure projects. The 25 chapters in Volume 1 are supplemented with real-life examples and court decisions, and offer tactical advice for anyone who must negotiate or understand EPC contracts in connection with the implementation, financing or operation of infrastructure projects. Emphasizing current market practices and strategic options for risk sharing, the book contains a narrative explanation of the underpinning of all of the issues involved in EPC contracting. Exhaustive in scope, it clarifies the fundamental commercial principles and pitfalls of "turnkey" contracting for all types of capital investments ranging from electrical and thermal power generation (including combined heat and power, nuclear, wind, solar, natural gas and coal) to refining, to chemical processing to LNG liquefaction and re-gasification to high speed rail, bridging, tunneling and road building. Providing clear and thorough analyses of the issues and challenges, this volume will be of great value to all those involved in complex construction projects.

This book offers a comparison of the forms of agreement from the AIA, AGC and EJCDC by providing: a guide to how they treat the most significant issues in owner/contractor/subcontractor and owner/design professional agreements; and proposed alternative language for situations where the form contract approach may not provide the best solution.

This work aims to keep criminal lawyers up to date with the latest cases and legislation, and includes longer articles analyzing current trends and important changes in the law. Drawing all aspects of the law together in one regular publication, it allows quick and easy reference

Most construction lawyers are familiar with the American Institute of Architects (AIA), Engineers Joint Contract Documents Committee (EJCDC) forms of agreements, and the newer ConsensusDOCS forms. The ConsensusDocs forms replace many of the forms previously issued by the Associated General Contractors of America (AGC). Now completely revised, this invaluable resource offers a topic-by-topic comparison of these forms by providing: - An easy-reference guide to how the AIA, ConsensusDOCS and EJCDC forms treat the most significant issues in owner/contractor/subcontractor and owner/design professional agreements - Proposed alternative language for situations where the form contract approach may not provide the best solution - List comparing the most significant provisions from each of these forms (on the CD-ROM)

"Annotated analysis and comparison of the AI, ConsensusDocs, and EJCDC contract forums"--

Negotiating and Structuring Construction Contracts is an authoritative, insiders perspective on best practices for the construction contracting process. Featuring partners from some of the nations leading law firms, these experts discuss how to protect client interests and negotiate key provisions, and offer up their thoughts on recent developments and trends in construction contracting. These top lawyers give tips on risk allocation during drafting and negotiating, including a comparison of risk in both AIA and ConsensusDOCS standard forms, and discuss project delivery methods, with a focus on key concerns related to the Integrated Project Delivery model. Additionally, these leaders reveal their strategies for Green building, public sector contracts, and dispute resolution. The different niches represented and the breadth of perspectives presented enable readers to get inside some of the great legal minds of today, as these experienced attorneys offer up their thoughts on successful contracting in an ever-evolving industry.

This exploration of the basics of contracts as applied to the construction industry focuses 1) upon the different types of contracts and their fundamentals as they apply to, and affect, owners, contractors, designers, subcontractors, suppliers, etc., 2) on the impact of information technology on contracts and contracting, and 3) on the effect of contracts on the management, administration, and the costs of construction work. Using the published standard forms of construction contracts as models and guides, it helps readers develop an understanding not only of the contract process in general, but also why one type of contract should be used rather than another in a given situation. The Nature of Contracts. Construction Contracts. Stipulated-Sum Contracts. Cost-Plus-Fee Contracts. Unit-Price Contracts. Contracts with Quantities. Subcontracts and Supply Contracts. Arrangements of Contracts for Construction. Design-Build Contracts. Documents for Contracts. Bidding for Contracts. Negotiating Construction Contracts. Administration of Contracts. Claims and Disputes. Changes in the Work of Contracts. Contract Time. Completion of Contracts and Payments. The Uncovering and Correction of Work in Contracts. For construction practitioners; and also for members of the legal profession who want to see construction contracts from the standpoint of those directly involved in construction and who want to better understand why and how a construction contract should be designed for a particular project.