Cohen Seglias Partner Carol Sigmond presented on February 28 for her Lorman Education Services webinar, “Fixed Price vs. Cost-Plus: How to Choose and Use Project Delivery Methods in Light of Fraud and Collusion“.
Gain a greater understanding of contract implications so that you may better administer and manage your projects.
This topic was designed for both new and experienced contract professionals. It explained the fundamentals of fixed price and cost-plus contracts, which dominate the field of project delivery methods. We explored the incentives, risks, and administration-specifics associated with each type. We then examined how these methods enable collusion, kickbacks, and fraud, and we engaged in a short case study of well-known projects demonstrating these issues. The topic provided advice and practice considerations for avoiding these pitfalls.
The primary objective of this topic was to provide contract professionals with a competent understanding of these project delivery methods, their implications, and the current legal landscape, all to help better carry out their projects.