Contract Clauses and Common-Law Legal Theories on Unit-Price Adjustments
Unit prices should adequately cover most underruns and overruns of pay items. If a quantity variation is accompanied by a change in the cost or nature of the work, however, owners and contractors sometimes seek unit-price adjustments under different contract clauses or common-law legal theories.
Join Bob Huber's discussion of the protections afforded to contractors and owners provided by standard clauses for variations in estimated quantities, differing site conditions, and changes. Bob will also discuss the doctrines of cardinal change, superior knowledge, and negligence. These adjustments may be available even in the face of contract clauses stating that unit prices are not subject to adjustment, and they are particularly important when unit prices are unbalanced. Bob will also discuss how the adjustments are to be priced.
Attorneys will be present in our other offices to help answer questions or direct them to Bob.
This will be Bob's last seminar presentation before his retirement. Don't miss out on this opportunity to benefit from Bob's wisdom one last time and to wish him well on his retirement!
Stinson Leonard Street
CLE credit is pending in Minnesota for 1.0 General credits. CLE credit is approved in Missouri for 1.2 General credits.