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Synchronizing Joint Ventures and Project Delivery
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Understand the advantages, disadvantages and risks associated with joint venture agreements.

When: Wednesday, May 11, 2016
1:00 PM
Where: Online Webinar
United States
Contact: Lorman Education

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Online Webinar approved for CPD Credit.  Click here to register.  


From power plants, to federal and state roadways, to multibillion-dollar sports arenas, to residential subdivisions, joint venture agreements are becoming a notable trend in the construction industry. Many contractors building large and small projects have identified more advantages than risks in partnering with their competitors in joint ventures. This topic will inform you about the advantages, disadvantages and risks associated with joint venture agreements in today's hyper-technical and fast-paced construction industry. The topic will also focus on how public and private owners increasingly see a better project delivery model in contractors pursuing collaborative rather than competitive objectives. The common-sense behind joint venture agreements also leads contractors to access new opportunities, qualifications, expertise and resources, most of which they would not have access to without a joint venture agreement. This topic will include a discussion about how joint venture agreements correspondingly offer more creative ways of sharing risk and profit on construction projects. Receive examples of some essential terms used in joint venture agreements and litigation that may inevitably arise from any uncertainties in the governing contracts or general conditions. Hear recent success stories from joint venture construction projects throughout the United States and how contractors have shaped their joint venture agreements to succeed.


Learning Objectives

- You will be able to describe the advantages, disadvantages and risk of partnering with another contractor in a joint venture to pursue common interests and goals on a project.

- You will be able to identify the liability risks and protections afforded to joint venture contractors.

- You will be able to discuss how recent joint ventures have worked successfully to satisfy owner demands for timely and efficient project deliver.

- You will be able to review how to choose, draft and incorporate essential provisions in joint venture agreements for construction projects.


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