Termination of
a Troubled Construction Project Presented by:
Stephen A. Hess, Esq.
Sherman & Howard, LLC When a construction project is only 30% complete in 70% of the contract time, substantial cost overruns are looming, and battle lines have formed over proposed changes. The relationships among the contractor, owner, and design professional can deteriorate to the point that the owner and contractor start wondering whether the best solution is to terminate the prime contract, find someone else to complete construction, and let the termination chips fall where they may. Anyone who has been through a "default" termination understands that it is the nuclear war of construction disputes, and even a termination for convenience may only be accomplished at great expense and with risks of its own. My projects are custom home, under $1.5M, yet the topic was presented in a way that was relevant to this scope as well as multi-million dollar ones. The material was covered in enough detail to allow me to evaluate and understand which options are available and when to seek legal counsel. The handouts/screen slides were well structured. Length of presentation just right. Anonymous Participant
Santa Clara, CA |
In this informative 90-minute program, Stephen A. Hess of Sherman & Howard, LLC will present an overview of the rights and responsibilities of the parties in the face of seriously troubled projects, and will walk participants through the legal, economic, and practical considerations that affect any termination decision. Listen to this program to learn how to: - Establish legal grounds that may support a termination for default by the owner or the contractor
- Determine when an owner can terminate the prime contract for convenience
- Understand the economic and legal ramifications of default and convenience terminations
- Identify the rights and responsibilities of a surety when the owner seeks a default termination
- Define the business effects of a potential termination that should be weighed by the parties
- And much, much more!
Who Will Benefit? This recorded webinar is a must if you’re a public or private owner, construction manager, contractor, subcontractor, consultant, architect, engineer or attorney. This event features key insights from our knowledgeable construction expert:  |
Stephen A. Hess has been identified as a Best Lawyer in America in "Construction Law" and in "Litigation — Construction," through his practice with Sherman & Howard, LLC in Colorado. In addition to serving clients on matters around the country, Mr. Hess is an active author, scholar, and speaker. He is an immediate past Editor of the American Bar Association's law review The Construction Lawyer, previously served as Editor of Construction Briefings, a national construction law review, and has edited national construction law treatises.
Mr. Hess has written numerous law review articles on topics covering the breadth of construction law and litigation, has spoken nationally at construction law programs, and is an Adjunct Professor at Sturm College of Law (University of Denver), where he teaches a Construction Law Seminar. He is a member of the American Arbitration Association’s National Roster of Construction Arbitrators. |
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