Fixed Price vs. Cost-Plus: How to Choose and Use Project Delivery Methods in Light of Fraud and Collusion (OnDemand Webinar)

$219.00

SKU: 406156EAU

Description

Gain an understanding of project delivery methods, their implications and the current legal landscape.This topic explains the fundamentals of fixed price and costplus contracts, which dominate the field of project delivery methods. We will explore the incentives, risks and administration specifics associated with each type examine how these methods enable collusion, kickbacks and fraud and engage in a short case study of wellknown projects demonstrating these issues. The topic will provide advice and practice considerations for avoiding these pitfalls. The primary objective of this topic is to provide you with a competent understanding of these project delivery methods, their implications and the current legal landscape, all to help better carry out your projects.

Date: 2019-06-24 Start Time: End Time:

Learning Objectives

Fixed Price vs. Cost-Plus Contracts
• Basic Structure
• Incentives and Risks
• When to Use
• Mitigating Risks With Variations
• Common Clauses

Differences in Administering Fixed Price and Cost-Plus
• Payment
• Change Orders
• Design Issues
• Role of the Architect

Fixed Price and Antitrust Issues
• Bid Rigging and Price Fixing
• Anti-Collusion and Anti-Kickback Clauses
• New York Presbyterian Hospital

Cost-Plus and Fraud Issues
• Fiduciary Duties for Contractors and Construction Managers
• Fiduciary and Notice of Substantial Costs Clauses
• Tishman/Bovis Lend Lease/Pavarini Mcgovern

The Future Under Fixed Price and Cost-Plus
• Transparency, Scrutiny and Litigation
• Practical Considerations

No Credit Available

Carol A. Sigmond-Greenspoon Marder