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Collecting Your Construction Monies On-Site Training

presented by Lorman Education Services
View the Lorman Education Services Profile and Available Training

There may be public open-enrollment dates/locations for this class near you.


Collecting Your Construction Monies

Workshop Description/Agenda

Do you have the latest and most effective strategies for collecting construction payments? Join us for this innovative seminar and get up to speed on contract clauses. Understand the intricacies of mechanics liens. Get a handle on complicated issues surrounding the right to stop work. Avoid problems down the road by protecting yourself and your company – find out exactly what the critical issues are and how to best handle them. You’ll gain the practical insight you need to deal with any challenges that come your way, including tips on dispute resolution. Don’t wait – register today to make sure you stay on the cutting edge of your field. Benefits for You • Find out what you need to know about the Prompt Pay Act • Tips on dealing with requirements for changes clause compliance • Know what types of labor, materials and services are lienable • Get your toughest public works questions answered • Explore perfected lien rights on private projects

This seminar will be presented by Koetting M. Broussard, Elizabeth M. Debaillon and Denis Ducran, AIA.

8:00 am – 8:30 am Registration

8:30 am – 12:15 pm Contracts
(Break 10:00 am – 10:10 am)
• Category of Parties to Contract
• Standard Form Contracts and Payment Provisions
• No Damages for Delay Clause
• Contingent Payment Clause
• Change Orders
• Extras

Property Code
• Notice Requirements
– General Contractor
– Subcontractor
– Vendor and Sub-Subcontractor
• Lien Affidavit
• Retention

Bond Claims on Private Projects
• Payment Bonds
• Performance Bonds
• Indemnity Bonds
• Perfecting Bond Claims

12:15 pm – 1:15 pm Lunch (On Your Own)

1:15 pm – 4:30 pm Enforcing Perfected Lien Rights on Private Projects
(Break 2:30 pm – 2:40 pm)
• Judicial Foreclosure
• Priorities
• Contractor’s Consent
• Removeables
• Leaseholds

Public Projects
• Payment Bonds
• Filing Claims Against Bond
• Retention
• Enforcement of Bond Claims

Federal Projects

Trust Fund

Prompt Pay Act

Koetting M. Broussard, Cokinos Bosien & Young
Elizabeth M. Debaillon, Cokinos Bosien & Young
Denis Ducran, AIA, Cokinos Bosien & Young

,AIA 6.5 ,CC 1.0 ,IACET 0.65 ,CPE 8.0 including Specialized Knowledge and Applications 8 ,PMI 6.5 ,TX ENG 6.5 ,

Who Should Attend

This one-day seminar is designed for collection managers in construction, presidents, vice presidents, accountants, credit managers, controllers, loan officers, project managers, contractors and subcontractors, owners, principals, architects, engineers, d

Additional Information

Training Provider: Lorman Education Services

Course Topics: Accounting Training > Credit/Collection

Training Course Summary: Collecting Your Construction Monies

Private Group Training Request

For groups of 10 or more, consider bringing the training to you as a cost effective way to train your workforce. Fill out the following form and we will contact you right away.


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