Construction Risk Management: Current Issues and Pitfalls Explored!
A construction project will always involve risks, such as schedule delays, personal injury, and property damage. For this reason, risk management is an essential aspect of successful construction projects. However, conducting risk management activities also present a myriad of challenges.
Good news is that these are manageable. An effective risk management plan is attainable.
Our panel of key thought leaders and practitioners will offer a discussion of the fundamentals as well as updates regarding the latest and significant issues surrounding construction risk management. This LIVE Webcast aims to help your organization or client avoid common pitfalls and risk issues.
Key topics include:
- Construction Risks – Statistics
- Important Legal Concepts
- Proper Use of Insurance and Indemnities.
- Construction Risk Management – Challenges
- Recent Risk Management Trends
- Best Practices
Gary M. Stein, Co-managing partner
Peckar & Abramson PC
- Hidden Design Delegation Risks – What are the potential pitfalls?
- Differing Site Conditions- Site Condition: Are they different?
- Pre-project and post-project due diligence to avoid disputes.
John D. North, Partner
Greenbaum Rowe Smith & Davis LLP
- Risk allocation through layered indemnification agreements: Indemnification agreements in the contracts between the owner and the general contractor; between the general contractor and the construction manager; and between the general contractor and subcontractors can allocate risk of loss to the parties best able to control against and insure against the risk.
- Risk coverage through insurance: Builders risk, general liability and completed operations coverage may provide protection against loss occurring during and after construction, and may be managed through general liability policies, Contractor Controlled Insurance Programs and Owner Controlled Insurance Programs.
- Limiting and controlling liability exposure through the use of single purpose entities to develop real estate.
- Preventing expensive change orders and delays through comprehensive bid documents that fully describe the scope of work and accurately describe material details.
Who Should Attend:
- Construction Lawyers
- Chief Financial Officers
- Project Managers
- Risk Managers
- Safety Officers
- Insurance Lawyers
Gary M. Stein is the Co-Managing Partner of Peckar & Abramson’s Miami office. He also currently serves as general counsel for the South Florida Chapter of the Associated General Contractors of America (South Florida AGC).
Mr. Stein’s primary area of practice is construction law and he is certified by the Florida Bar as a Construction Law Specialist. His practice includes the representation of general contractors, construction managers, subcontractors, owner/developers and other construction professionals in the litigation, arbitration and mediation of construction and design defect claims, contract claims, construction lien claims, delay and impact claims, surety bond claims, insurance claims and related matters on low-rise, mid-rise and high-rise residential, commercial, and municipal projects, on civil infrastructure projects involving roads, bridges and tunnels and on energy infrastructure projects involving power plants.
Mr. Stein has served as an arbitrator through the American Arbitration Association since 1989 and as a mediator in many large complex construction and commercial disputes.
Gary M. Stein is the Co-Managing Partner of Peckar & Abramson’s Miami office. He also currently serves as general counsel …
John D. North is chair of the Litigation Department at Greenbaum, Rowe, Smith & Davis LLP. He focuses his practice in litigation, with an emphasis on trial practice. Mr. North has tried jury and non-jury cases in state and federal courts, including over 75 jury cases to verdict. He is certified by the Supreme Court of New Jersey as a Civil Trial Attorney. Mr. North’s practice concentrates in commercial and banking litigation, including matters involving lender liability claims and defenses, negotiable instruments and financial fraud. Mr. North has also represented banks in class actions alleging claims under New Jersey and federal consumer legislation. Mr. North is a Fellow of the American College of Trial Lawyers and of the International Academy of Trial Lawyers. He is listed in Super Lawyers, Benchmark Litigation, Chambers USA and in four practice areas in Best Lawyers including Banking and Finance Litigation and “Bet-the-Company” Litigation. Mr. North is the author of the evidence treatise A Trial Lawyer’s Strategic Guide to the New Jersey Rules of Evidence, and is the only New Jersey lawyer selected as a principal author of Business and Commercial Litigation in Federal Courts, contributing the chapter in the treatise devoted to Medical Malpractice.
John D. North is chair of the Litigation Department at Greenbaum, Rowe, Smith & Davis LLP. He focuses his practice …
Print and review course materials
Method Of Presentation:
General knowledge of construction project process
NY Category of CLE Credit:
Areas of Professional Practice
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About Peckar & Abramson PC
Peckar & Abramson, P.C. maintains offices in New York City, New Jersey, Washington D.C., Miami, Chicago, Oakland, Los Angeles, Austin, Houston, and Dallas, and has affiliations with global firms in Latin America (through its founding membership in CONSTRULEGAL), London, China and India. In addition to its core construction practice, the firm has affiliated practice groups who counsel contractors on labor and employment matters, corporate and regulatory compliance issues including D/M/WBE compliance and general corporate and real estate matters. The firm’s website can be found at www.pecklaw.com.
About Greenbaum Rowe Smith & Davis LLP
Greenbaum, Rowe, Smith & Davis is a multi-practice law firm serving local, regional and national clients. As one of New Jersey’s leading law firms, the firm brings diverse and comprehensive expertise to the representation of both businesses and individuals. For over 100 years, the firm has earned the trust and loyalty of clients by providing sophisticated, creative and cost-effective representation through collaborative teamwork, proactive legal strategies, attention to detail and relationship-oriented service.