John D. North, Chair of the firm’s Litigation Department, will be on the faculty for the live webcast “Construction Risk Management: Current Issues and Pitfalls Explored!” The program will be presented on Tuesday, September 24, 2019 from 3:00 pm to 4:00 pm (ET) by the Knowledge Group.
A construction project will always involve risks, such as schedule delays, personal injury, and property damage. For this reason, risk management is an essential aspect of successful construction projects. Conducting risk management activities also present a myriad of challenges, however the good news is that these risks are manageable and an effective risk management plan is attainable.
Mr. North will review the following points in this presentation:
- Risk allocation through layered indemnification agreements: Indemnification agreements in the contracts between the owner and the general contractor; between the general contractor and the construction manager; and between the general contractor and subcontractors can allocate risk of loss to the parties best able to control against and insure against the risk.
- Risk coverage through insurance: Builders risk, general liability and completed operations coverage may provide protection against loss occurring during and after construction, and may be managed through general liability policies, Contractor Controlled Insurance Programs and Owner Controlled Insurance Programs.
- Limiting and controlling liability exposure through the use of single purpose entities to develop real estate.
- Preventing expensive change orders and delays through comprehensive bid documents that fully describe the scope of work and accurately describe material details.
Mr. North focuses his practice in litigation, with an emphasis on trial practice. He has tried jury and non-jury cases in state and federal courts, including over 75 jury cases to verdict. He is certified by the Supreme Court of New Jersey as a Civil Trial Attorney. His practice encompasses the representation of commercial and residential real estate developers in connection with design and construction defect litigation, as well as the defense of claims brought under New Jersey's Planned Real Estate Full Disclosure Act and Consumer Fraud Act. He contributed the chapter on statutory disclosure requirements in “Winning Legal Strategies for Construction Law” (Aspatore Books 2006).
Additional program information and registration details at: Construction Risk Management