Description: Payment in the construction industry is a problem. This creates 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 course 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 this 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 this course.