Washington, DC (PRWEB) October 26, 2012
In mid-November, WPL Publishing will host a webinar to help professionals in the construction community understand how joint ventures can work for them.
Webinar attendees will learn why, in an industry filled with fiercely competitive and independent-minded risk-takers, competitors often come together to form joint ventures to pursue and perform work on construction projects in the United States and abroad. The event will explore this paradox, and attendees will learn both why it is happening and how they can take advantage of such arrangements. To register for the 90-minute webinar, scheduled for Thursday, Nov. 15, 2012, at 1:00 p.m. (EST), visit http://tinyurl.com/blzrnrm.
The webinar, entitled “The Fundamentals of Joint Ventures in Construction,” will address the following questions:
- Why are there so many more joint-venture bids?
- How is the adverse economy driving this phenomenon?
- How do owners, contractors, and sureties view joint ventures?
- What are the unique management challenges presented by joint ventures?
- How might joint ventures benefit a business?
- What are the important “basics” of joint ventures?
- What are some common risks that are inherent in joint venturing?
- How can those risks be managed?
The webinar will include an examination of joint ventures from the perspectives of owners, contractors, and sureties and describe how this form of association may or may not benefit each of these types of professionals.
The webinar additionally will help attendees understand the following:
- What “joint and several liability” is and why it is important.
- What attendees should expect from sureties, and what “cross-indemnity” means.
- What attendees should look for in a joint-venture partner.
- What could possibly go wrong?
Addressing attendees will be Trauner Consulting Services Inc. Director Richard Burnham, a construction industry executive and attorney. He brings years of hands-on experience with all types of projects and a spectrum of contract delivery methods from various perspectives.
Following Mr. Burnham’s presentation, there will be an interactive 10-to-15 minute question-and-answer session addressing relevant topics.
Webinar tuition is based on location, not number of participants, so each registration site can have multiple participants for one low price. To register, visit http://tinyurl.com/blzrnrm.
WPL Publishing Co., Inc. provides expert training, education, and development resources for the construction industry via live webinars and its ConstructionPro Network website (http://www.ConstructionProNet.com). Through ConstructionPro Network, WPL publishes the independent newsletter ConstructionPro Week, providing news, analysis, and insightful commentary about recent developments involving construction law, green buildings, building information modeling, and various construction managerial technologies and techniques.