Rocky Mountain Chapter, NECA/SMACNA Colorado

Session 6 – In this session, the group will discuss contract risk management and preservation of rights in order to increase the chances of financial recovery during project execution. Since the most valued information for contract conflict resolution comes from those closest to the work, the basics of preparing that documentation and effectively translating the information will be discussed. The group will gain understanding and review examples of risky contract clauses, the process of claims management, the legalities of change order control, and preparation for lawsuits. We will have a workshop within the session that displays two scenarios to enhance the understanding of effective negotiations techniques.