In any economy, boom or bust, getting paid is vital. However, in a depressed economy where jobs are scarce, margins are thin and customers are holding-on to their money, collecting your receivables is all the more important. The time to assess the risk of collection and do something about it is NOT when the receivable is 90 days old (or older), but BEFORE the contract is signed. This program offers practical tips on how to avoid the risk of nonpayment and improve your chances of collecting what you are owed. This course also discusses basic legal principles of contract formation as well as a more detailed review of the legal aspects of subcontract negotiation and project performance. The course takes participants step-by-step through the life of a construction project, addressing the legal rights and responsibilities of the general contractor, electrical subcontractor, owner and design professional. The seminar focuses on how contracts work and how to manage, in the field, the risks associated with typical subcontracts. This course is being offered as 1/2 day Getting Paid and 1/2 day Construction Law.
Duration/CEUs: Full-day/CE Hours: 6
Instructor: Gerald Katz
Sponsor: Penn-Del-Jersey Chapter, NECA
Online registration is not available for this course. Contact the Penn-Del-Jersey chapter to register: Tom McNulty and Sarah Bennett at (610) 275-0909