On March 21st, John Greenhall will present South Jersey Chapter of Construction Financial Management Association's Construction Contract Analysis seminar with Zina Clayman of Madison Risk Group and Dave Kane of The Shepherd Agency.
In today’s construction environment, contractors are all exposed to a variety of risks, so implementing strategies to manage these risks must begin before a project even starts. In particular, contractual risk is a vital part of the risk portfolio and warrants more attention than ever before. Risk transfer continues to shift from one party to another with limited opportunities for negotiation. When facing unbalanced contract terms, contractors may lean on their trusted business partners (attorney, bonding agent, or insurance broker) to help mitigate the risk and make a well-informed business decision tailored to the specific needs of their business. This panel of industry-leading professionals will identify standard and onerous contract provisions within construction contracts and related bond forms. Moreover, they will highlight relevant case law and best practices to support contractors with efforts to avoid contractual pitfalls.