AIA Provider #50119841
Instructor: Scott Corbat
This six-hour video course explains the principles of contract law and the important elements of a home building and remodeling contract. It is in the best interest of any contractor to be able to understand the basic principles of a contract, and how to craft one that is binding and legal. There are many elements to consider, from the initial process of placing a bid to the final signing of a mutually agreed upon contract. Understanding the concepts of offer and acceptance, consideration, fraud and breach of contract are necessary in order to create a document that meets the requirements of the law and is to the satisfaction of all parties involved. Builders’ exposure to risk, and the need to recognize the costs of inadequate insurance is challenging. Risk assessment and strategies that minimize risk are important aspects of a successful construction business.
Learning Objectives are provided to facilitate student understanding and progress. Informal progress checks throughout the module help students review and measure their understanding of the material. The assessment at the end of each chapter accurately reflects Learning Objectives.
This course covers:
- Contract Rules and Elements
- Contract Types
- Retainage and Scope Creep
- Bidding and Letters of Intent
- Contract Formatting
- Offer and Acceptance
- Duress and Fraud
- Breach of Contract
- Insurance, Risk and Liability
- Worker’s Compensation
Credit(s) earned on completion of this course will be reported to AIA CES for AIA members. Certificates of Completion for both AIA members and non-AIA members are available to print upon completion of the course.
This course is registered with AIA CES for continuing professional education. As such, it does not include content that may be deemed or construed to be an approval or endorsement by the AIA or any material of construction or any method or manner of handling, using, distributing, or dealing in any material or product.
If you have any questions please call us at 1-800-727-7104 | Monday-Friday | 8am-8pm
Or send an email to firstname.lastname@example.org. Emails will be responded to within one business day.