Webinar recording: Getting Confident with Contracts - Part 2: industry proforma contracts
Date recorded: 23 November 2021
Managing consultancy agreements is a major challenge for consultants, especially when working with the ever-expanding contracts used on government, commercial, or institutional projects.
Reading and negotiating contracts takes your key team members away from other vital tasks in the early stages of a project. And yet, without that time investment, you could be left exposed to unacceptable and uninsurable contract risks.
Standards Australia have developed Australian Standard Contracts which are widely recognised as acceptable for use on projects in construction and engineering. Pro forma contracts have also been developed by the Australian Institute of Architects and Consult Australia, amongst others, which have become accepted as industry benchmarks. In Part 2 of this webinar series, Cordilia Thomas and Kathryn Budd, Risk Managers at informed by Planned Cover will look at key clauses in the most commonly used of these contracts to illustrate the insurance implications and overall risk profile of each contract.
Learning Objectives
After this webinar, you will understand:
- understand the general character and risk profile of each of these industry pro forma contracts;
- understand what types of projects lend themselves most appropriately to which of these industry pro forma contracts; and
- understand what insurance risks are raised in these industry pro forma contracts.
Units of Competency / Performance Criteria (as per the National Standard of Competency for Architects 2021)
Design: Project Briefing 1.1
Practice Management: 9.2, 9.7
Cost
Standard - $80
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