Topic: Contracts

Managing Risk Through Contract Language

Managing Risk Through Contract Language, one of the professional liability risk management tools available from Victor Insurance Managers Inc., reviews contractual demands by clients that could increase exposure or compromise professional liability insurance coverage and provides commentary and alternatives.

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Do You Know?

Do you know that the importance of documentation cannot be overstated? From the outset of a project, it is important to have a signed written contract in place that clearly sets forth your scope of services, compensation, and anticipated schedule, as well as the legal terms and conditions governing your relationship with your client. State…

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The Risks and Rewards of Integrated Project Delivery

Historically, the design and construction industry has created silos around the owner, designers, and builders in an attempt to protect each from liability. While this may have reduced exposure in some instances, it has resulted in a lag in innovation and productivity in the industry. Owners have experienced this firsthand, and many forward-thinking owners are…

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Webinar: The Risks and Rewards of Integrated Project Delivery

This webinar focuses on the unique risks and rewards that architects may face when participating in Integrated Project Delivery (IPD) contracts. Participants will better understand the value proposition that IPD can provide building owners, the benefits and potential risks for the design team (some of which could be uninsurable), and some options for mitigating the…

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Strategies for Managing Risk on Design/Build Teams

When you are looking to pick up the right contractor for your Design/Build team, the Design Build Institute of America (DBIA) suggests that it should be a firm that you already know and with which you have done prior business. The report, Strategies for Managing Risk on Design/Build Teams, can guide you in developing an…

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Negotiating Contracts: Understand Your Risks

Architects are often faced with unreasonable contractual provisions generated by prospective clients or their attorneys. Onerous contract language can challenge an architect’s ability to protect public health and safety and threaten the very viability of the architect’s firm. This 90-minute webinar looks at the importance of clear, reasonable and coordinated contractual provisions and analyze non-standard…

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Protecting Your Practice from Others’ Negligence

When a design professional agrees to provide services for a client, that design professional assumes the same level of responsibility for those services whether they are performed directly by the design professional or by a consultant. Design professionals often must rely on the services of consultants who are not a part of the design team…

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Walking the Thin Line on Indemnification

With increasing frequency, architects and other design professionals are being asked (and in some cases, even required) to sign agreements in which they undertake to indemnify their clients against any loss that the clients may suffer in connection with projects for which the design professionals have provided services. In some cases, the indemnification clause is…

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The Perils of Substitutions

Substitutions are ingrained in the project delivery process. Potential cost savings lead others to assume the architect’s role and change the project scope–without needed proof of product performance. Unfortunately, resistance is not an endearing client service strategy, so developing a viable approach to handle these requests is needed. While an architect may have a reliable…

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Quick Reference: Risk Resource Review

As a risk management resource for AIA Members, the AIA Trust develops risk reports on topics of critical and evolving risks for architects. Some of these risks you may be aware of—and some may never have crossed your mind. Either way, it’s important to be able to recognize them so you can at best avoid…

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