Description:
This course reviews the basics of the cost-plus residential construction agreement. The pandemic has affected the residential real estate market in myriad ways, including the cost of construction. Due to the spiraling cost of lumber, labor shortages, delays in the in the supply chain and other factors, contractors have increasingly moved towards the use of the cost-plus contract for the build-out of new construction. This webinar explains what the cost-plus contract is and how it differs from the fixed-price contract. Attendees will review a sample cost-plus construction agreement with attention paid to provisions of significant concern to contractors and owners. The financing of cost-plus projects will be also addressed, including the growing reliance on self-financed construction. As the form and financing of residential construction changes, so does the role of the attorney, title, and escrow agent. The course will examine the evolving duties imposed on each. This intermediate level class is designed for those generally familiar with construction agreements.
Accreditation:
This webinar is approved for 1.0 general, and 1.0 Real Estate or Construction Law certification credit with The Florida Bar; 1 hour of continuing education with NALA.
This seminar meets the requirements of the NALA certifying Board for continuing legal education credit required to maintain the CP (Certified Paralegal) credential.
The Florida Bar accreditation for this seminar will expire on August 31, 2024 and access to this seminar will not be available after that date.