Webinar: Understanding Procurement Methods and Contract Types

Webinar: Understanding Procurement Methods and Contract Types

When: May 29, 2009 (10:30 a.m. Pacific Time)

How Long: 2 hours

Sponsored by The Urban Land Institute

For more information and to register, visit The Urban Land Institute's professional development website.

Description: Design and construction are usually the riskiest and most time-consuming parts of the development process. When and how you introduce a contractor into your process can significantly affect your management of this risk. There is more than one way to navigate this process; each path is linked with an appropriate contract type. Construction typically entails three principal types of contracts: lump sum, cost plus and guaranteed maximum price. The inherent structure and implicit timing of each contract type allocates risk differently and can affect delivery schedules. This 2-hour program will succinctly explain the relative merits and weaknesses of each procurement and contract type.