Unit 2: Initiating and Planning - Part 1
This course will provide an understanding of how basic contracts are structured, how different types of contracts are used, and how project documentation relates to effective contracting for early-career project managers.
Following successful completion of Unit 2, participants will have the ability to:
- Discuss how basic contracts are structured, the different types of contracts used in construction projects, and how project documentation relates to effective contracting
- Identify important contract law and language and how they are related to project risk
- Distinguish between agent and independent contracts, torts and contractual liability cases, and the difference between criminal and civil proceedings
- Identify how different project delivery methods use different contracting strategies
- Describe the process for contract amendments, changes, extensions, and final terms
- Defend the importance of dispute resolution and good-faith negotiation in resolving contract disputes
- Distinguish between partial and material breaches and understanding the significance of termination, bankruptcy, and breach of contract claims