Contracts is an important component of a firm’s risk management program. Firms take on more risk accepting unfavorable contract terms. This training addresses the main purpose of a contract, where firms get into trouble, and tips for preparing and negotiating a fair contract agreement.
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Of all the contract provisions, indemnity has the most far-reaching liability implications. Indemnity language can be confusing. This program will discuss; what is it, enforceability, and recommendations on how to manage this problematic contract provision.
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Based on industry surveys and claim analysis of design firms, incomplete, improper, and inadequate communication and documentation practices when rendering services is the number one cause of disputes and claims. This session will discuss the difference between technical and non-technical causes of claim’s, key communication and documentation practices causing problems, including email, and recommended practices for managing and minimizing risk.
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Design firms are looking for ways to grow their business faster, increase profits, improve financial and project performance. This session discusses how effective enterprise risk management programs helps reduce risk along with improving over performance and profitability.
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Being an effective Project Manager (PM) requires much more than just technical skills and abilities. The potential for litigation has driven changes to the PM’s roles and responsibilities. This session discusses the PM’s responsibilities that include managing, and protecting the financial viability of projects, ensure the quality of services rendered, be an effective communicator and have the ability to manage overall project risk.
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With 70% of claims filed against design firms coming from the Owner, the person who hired you, every firm should have a Go No/Go process for selecting clients and projects that aligns with business objectives. This program identifies methods for selecting good clients, and projects that in return reduces the chance of litigation and improves performance and profitability.
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