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Getting Paid and Managing the Cash Flow (1 PM – 4PM)

June 11, 2020 @ 1:00 pm - 4:00 pm

In this half-day workshop 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)


Course Objective

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 projects (Consultant, Subcontractors,Sub-Subcontractors and Suppliers)

The Canadian Construction Documents Committee (CCDC) and the Candaian Construction Association (CCA) publish standard contracts and guides for the Construction Industry.

In this half-day workshop 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 the course:

– 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 the workshop.

COST Members $145 + GST Non Members $195 + GST

TO REGISTER SEND EMAIL TO  admin@medhatconstruction.ca  OR CALL 403 527 9700

Details

Date:
June 11, 2020
Time:
1:00 pm - 4:00 pm
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