Construction Contracts: Mitigating Financial Risks & Improving Transparency

Overview

Contracts are the backbone of the construction industry but also a significant source of financial risk. This session will focus on risk management strategies for contract negotiation, delivery method selection, preconstruction services, change orders, and retainage policies. Learn how CPAs can help clients minimize financial exposure and enhance documentation transparency. This session was recorded on March 25, 2025 for CalCPA’s Construction Management Conference.

Highlights

• Identifying Financial Risks in Construction Contracts
• Contract Negotiation Strategies
• Delivery Method Selection and Risk Allocation
• Preconstruction Services and Subcontractor Vetting
• Change Orders Management
• Retainage Policies and Cash Flow Management

Objectives

• Identify key risk areas in construction contracts and their financial implications.
• Develop strategies for preconstruction services including subcontractor vetting, bidding, and award process.
• Advise clients on best practices for managing change orders and retainage.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.