How to Get Paid, Close Out Contracts, and Avoid Liquidated Damages

Minnesota Mechanical Contractors Association (MMCA) Webinar
03.21.2023 | 9:00 a.m. (CT)

MMCA is pleased to present a seminar regarding getting paid for Change Order Requests and Claims, Closing Out Contracts in order to be paid in full and on-time, collecting Retainage, defeating Backcharges, Defending against Liquidated Damage Claims, and moving onto the next project.

  • Creating Bid Terms and Conditions.
  • During the project, learn how a contractor gets paid for and obtain time extensions for extra work, delays, and interferences.
  • What are the four ways to amend a construction contract and why are these four ways important?
    • Change Order.
    • Claims.
    • Construction Change Directive/Work Directive.
    • Force Account.
  • What is the Number One thing that contractors forget to do when signing Change Orders?
  • At the end of the project, the Project Owner includes adds and deducts to a Final Change Order with a blizzard of backcharges and finally processes Change Order Requests.
    • Learn how to deal with the agreed upon adds without having undisputed funds held hostage with disputed backcharges.
  • Liquidated damages are imposed at the end of the project.
    • Learn about the four primary defenses to a liquidated damages claim so that the Project Owner cannot charge your company for delays.
    • If a contractor agrees that it is late, but does not want liquidated damages against its record, learn how can the liquidated damages be handled with a Close Out Change Order.
  • Statutory remedy for Prompt Payment.
    • Contractor must submit an invoice to the Public Owner even if the Public Owner’s Architect or Engineer refuses to prepare a Pay Application.
  • How to defend against the Project Owner’s warranty and defective work claims as excuses to non-payment.