Please join the Faegre Drinker construction law team in a three-part webinar series for updates on legal issues facing the construction industry. The initial session in the series will identify, analyze and discuss important contract provisions that can help all construction industry participants mitigate risks related to project disruptions or challenges.
Thursday, November 5, 2020
Session One - Important Construction Contract Provisions in Uncertain Times
In this time of unexpected project interruptions and economic uncertainty, what construction contract provisions should you pay particular attention to? Faegre Drinker Partner Mike Lapicola and Counsel Karen Denys will identify, analyze and discuss important contract provisions that can help all construction industry participants mitigate risks related to project disruptions or challenges.
Monday, November 16, 2020
Session Two - Navigating Development Project Financing — Strategies for Successful Payment Planning for Design and Construction Projects
Project financing can be complicated, and it’s about more than simply knowing where the money is coming from. It’s also about knowing where to look to enforce your rights and seek repayment if a project goes south. This session will cover several topics concerning project financing, including:
- Due diligence by design professionals and contractors prior to commencement
- Due diligence by owners prior to commencement
- Funds flow/typical key development loan terms
- Types of payment security (bonds, letters of credit, parent guarantees, liens, security interests and indemnities)
- Retainage and cash flow concepts and issues
Thursday, December 3, 2020
Session Three - Reducing State and Local Tax Exposure in Times of Economic Uncertainty
When consumption drops, unemployment rises, and property devalues, the traditional sources of revenue for state and local governments decline. At the same time, in the aftermath of the pandemic, government’s need for revenue is the highest it has been in decades. As a result, governments will be more creative in findings sources of funds and the focus will be on corporate taxpayers. In this session we will discuss lessons learned during the last recession, explore novel approaches taken by governments and taxpayers affecting the tax burden, and develop strategies that construction and real estate market participants can use to reduce their exposure to state and local taxes.
For more information on the complete series, including an overview of speakers, please visit the event website.
Have a scheduling conflict? Register for the live events, and we’ll send you the on-demand recording shortly after the broadcast dates.
QUESTIONS? Please contact Angela Wood or call +1 303 518 9907.