Know Before You Sign: Construction Contracts Explained

This is a hybrid event. Please choose your ticket type as "in person" or "virtual." Space is limited to 20 people in person.

Whether you're a prime contractor, a subcontractor, or working with vendors and suppliers, understanding your construction contracts is critical to protecting your business and profits. Don’t let confusing legal language, fine print, or vague terms leave you exposed.

In this practical, plain-language workshop, we’ll walk through the essential components of construction contracts—what they mean, why they matter, and how to spot red flags before you sign. Topics include:

• The key differences between prime contracts, subcontracts, and vendor agreements
• Clearly defining the scope of work and the contract sum
• How payment terms really work—and how to protect your cash flow
• Dispute resolution options: what’s in your contract and what it means
• What happens in the event of a termination—and how to avoid costly surprises
• The ins and outs of insurance and bonding requirements

This class is designed for small business contractors who want to confidently navigate contracts, avoid common pitfalls, and build stronger, more sustainable working relationships. Come with questions and leave with tools you can use right away.

Suggested Audience:

Construction subcontractors, DBE certified firms, contractors interested in working on Colorado Department of Transportation and other government construction projects, and any staff responsible for estimating construction jobs.

Instructor:

Bob Smith has more than 25 years of experience in the construction industry and has assisted hundreds of small businesses with developing estimating processes and submitting accurate bids for construction projects. Bob is a consultant for the CDOT Connect2DOT Program and Managing Partner of Eaton Cole Construction Services which specializes in construction management, preconstruction services, and developer assistance for all facets of the project delivery process.

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