Course Information

CRIS

Contractual Risk Transfer in Construction

Overview

The structure of construction contracting relationships and the key provisions in which responsibilities and liabilities are allocated to the contracting parties and suggests methods to equitably allocate these liabilities are integral parts of construction contracts. This course provides a general overview of contractual risk transfer in construction contracts and subcontracts and examines processes for ensuring the effectiveness of contractual risk transfers and identifies problems that may arise if contracts are not properly reviewed and their risks managed.

Summary Details

Hours

6.0

Price

$149.00

This course is not subject to discount pricing.

Save Time and Money with Additional Credit

Select all the additional credit you need and then add to cart

AFIS ^{Reciprocity Discount Program

Add renewal credit for any of your active IRMI certifications for $69.00/certification course. Simply select the additional credit you need before adding your renewal course to your shopping cart. You must have completed the CORE courses for the certification you are requesting credit for to properly update your certification status.}

ERIS ^{Reciprocity Discount Program

Add renewal credit for any of your active IRMI certifications for $69.00/certification course. Simply select the additional credit you need before adding your renewal course to your shopping cart. You must have completed the CORE courses for the certification you are requesting credit for to properly update your certification status.}

MRIS ^{Reciprocity Discount Program

Add renewal credit for any of your active IRMI certifications for $69.00/certification course. Simply select the additional credit you need before adding your renewal course to your shopping cart. You must have completed the CORE courses for the certification you are requesting credit for to properly update your certification status.}

MLIS ^{Reciprocity Discount Program

Add renewal credit for any of your active IRMI certifications for $69.00/certification course. Simply select the additional credit you need before adding your renewal course to your shopping cart. You must have completed the CORE courses for the certification you are requesting credit for to properly update your certification status.}

TRIP ^{Reciprocity Discount Program

Add renewal credit for any of your active IRMI certifications for $69.00/certification course. Simply select the additional credit you need before adding your renewal course to your shopping cart. You must have completed the CORE courses for the certification you are requesting credit for to properly update your certification status.}

INS ^{Add Insurance CE Credit to Your Course
Add insurance continuing education credit to your course for only a small additional charge. States where the course is approved will appear in the drop down menu. Once the state is selected you will then see the approved credit hours and fee. Ordering at the time of purchase will allow you to complete one exam and receive certificates of completion for each of the state credits added. Credits will be reported upon completion, where we report according to our reporting schedule for the state where credits are approved.}

Learning Objectives

select suitable recommendations and strategies for fairly and legally allocating contract risks based on where the entity falls in the construction “food chain”
identify problematic construction contract provisions, and propose appropriate recommendations in the drafting or negotiation of contract insurance requirements
identify insurance requirements that may not be obtainable in the marketplace and alternatives that may be acceptable to the contracting parties
identify gaps between a contractor’s contractually assumed liabilities and its contractual liability insurance coverage
identify the scope of coverage provided under an owners and contractors protective (OCP) liability insurance policy, and list its advantages and disadvantages as a risk funding alternative

Designed For:

Property and casualty risk, safety, insurance, and finance professionals

WebCE® is registered with the National Association of State Boards of Accountancy (NASBA)as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Access Period:	12 months
Prerequisites:	None
Advanced Preparation:	None
Delivery Method:	Self-Study
PDF Download:	Available
Provider of Record:	WebCE
Field of Study:	Specialized Knowledge
Last Reviewed:	September 2023
Study Level:	Intermediate
Approved For:	Renewal

Exam

Proctor:	No
Passing Grade:	70
Questions:	50

At WebCE, we are passionate about delivering exceptional professional development solutions. With world-class customer support and education to serve multiple professions, we're here to help professionals reach their career goals.

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