In this half-day workshop the Payment Process in Standard Contracts (CCDC-2 Stipulated Price Contract, CCA-1 Stipulated Price Subcontract, CCA-19 Stipulated Price Sub- Subcontract) will be reviewed along with contract language from non-standard contracts which can delay payment.
Getting Paid and Managing the Cash Flow in Construction
Description
Duration: 1/2 Day
Instructor: Phil Perry
Payment in the Construction Industry is a problem. This create problems for both the Owner and the Contractor as well as the other participants involved with the project (Consultant, Subcontractors, Sub-Subcontractors and Suppliers)
The Canadian Construction Documents Committee (CCDC) and the Canadian Construction Association (CCA) publish standard contracts and guides for the Construction Industry.
In this half-day workshop the Payment Process in Standard Contracts (CCDC-2 Stipulated Price Contract, CCA-1 Stipulated Price Subcontract, CCA-19 Stipulated Price Sub- Subcontract) will be reviewed along with contract language from non-standard contracts which can delay payment.
It is important to recognize when your client is trying to work language into the contract which delays payment (Pay-if-Paid, Pay-when-Paid, “Notwithstanding” clauses).
Guides covered by the course:
CCA 28 – A Guide to Improving Cash Flow in the Construction Industry
CCA 50 – A Prime Contractors Guide to Project Financing and Payment Security CCA 53 – Trade Contractors Guide and Checklist to Construction Contracts
CCA Banking Guide for the Canadian Construction Association CCDC 12 – Project Financial Information Disclosure Form
Who should attend?
Anyone who is involved with billings and payment: Managers, Project Managers, Project Coordinators, Project Accountants of all levels will benefit from the workshop
