The Impact of Coronavirus on the Construction Industry and How to Protect Yourself
- Wed, May 27, 2020, 03:00 - 04:00
Cost: Members: $95
Registration Includes: One telephone and web connection at one physical location
US: 3:00pm – 4:00pm ET
About the Webinar
Owners, contractors and suppliers are concerned about the potential results of the COVID-19 pandemic, including project delays from lack of availability or delay obtaining materials, unusual labor shortages, manufacturing and supply chain disruption and the potential cost impact of these delays or substantial labor or material price increases. To what extent are you exposed to these dangers? How can contractors and suppliers protect themselves from liquidated or other delay damages? How can they successfully recover such cost increases?
The answers to these questions are found largely in the terms of the contract already in place for on-going projects. How protective is the force majeure clause in your contract? Which projects should you be particularly concerned about? Jim will review common contract clauses and their impact on these issues.
This webinar will also provide some pertinent contract provisions that you can add in future projects to protect yourself, increase the chances of recovering price increases and strategies for dealing with customers unable to pay you during the pandemic.
About the Speaker
James D. Fullerton, the president of the law firm of Fullerton & Knowles, P.C., which has attorneys licensed in Virginia, Maryland, Pennsylvania, and the District of Columbia, is a Martindale Hubbell Peer Rated Lawyer AV® Preeminent.™ Jim represents owners, lenders, design professionals, suppliers, subcontractors, general contractors and other members of the real estate and construction industries region-wide. His system allows the company to file mechanic’s liens, surety bonds and other construction claims across all of the states in the Mid-Atlantic region and represent creditors in bankruptcy issues nationwide, particularly defense of bankruptcy preference claims. He advises on all real estate and construction law issues; public procurement and bidding, contract formation and disputes; defects in labor and materials; design defects in plans and specifications; inefficiency, impact and delay claims; mechanic's lien and bond rights; litigation, arbitration and mediation in public and private projects; joint ventures, mentor protégée agreements and other arrangements for minority and disadvantaged business enterprises; bank and lender representation; commercial transactions and loan closings; sales contracts and leases. In connection with his comprehensive representation of clients, he offers diverse experience in general business matters, including corporate formation and decision-making, buying and selling businesses, bankruptcy, employment issues, governmental regulation and real estate.
Jim is also a master brick mason, a licensed real estate broker and the owner of Summit Real Estate. He is Counsel to Board of Directors, Virginia Precast Concrete Association; and is Counsel to Board of Directors, Central Atlantic Precast Concrete Association. He graduated from the University of Colorado and the University of Virginia School of Law.
The firm’s Construction Law Survival Manual is well known and widely used by participants in the construction process. The 750-page manual provides valuable information about construction contract litigation, mechanic’s liens, payment bond claims, bankruptcy and credit management and contains over 30 commonly used contract forms.
Instructions to join the Webinar will be sent to the main registrant's email address the day before. Remember! please log-in at least 15 minutes prior to the webinar commencing to ensure ample time for technical assistance if needed.