AGC Marketplace

Risk is potentially bad, but also a potential opportunity for your business to grow and prosper. Constructors/General Contractors increasing role in performing design delegation and shared design is such an opportunity.  AGC recently presented a webinar (available in the AGC Store here) that provided participants with many great takeaways and a closer look at how parameters of design must be delegated clearly in all contracts.

AIA just released 7 new design-build standard contract documents. In 2004, some commentators pointed out that they thought there was a mistake in the AIA A141, which provides a complete warranty for the Work to include both the design and construction of a project. Unfortunately for design-builders, this risk warranty DOES NOT flow down to the design professional that is likely stamping the design documents (see AIA B143, Section 2.2). Therefore, the design-builder appears to be left with all of the risk of giving a warranty that is both elevated beyond the standard of care and uninsurable. In contrast, the architect is protected with the ordinary and lower professional standard of care.  Considering that a core value of publishing standard construction contract documents is to provide predictability and consistency, this inconsistent treatment of risk is quite surprising.

AGC will hold a complimentary webinar on sequestration and its potential impact on federal construction contractors on Wednesday, Nov. 7 from 2:00 p.m. to 3:30 p.m. EDT.  Unless Congress acts after the election, a process of $109 billion in indiscriminate, across-the-board spending cuts—called sequestration—will occur on Jan. 2, 2013. If sequestration goes into effect, the possible impacts to federal construction contracts, grants and direct payment programs could be far reaching.  To attend the webinar, please complete the online registration form.