NKBA Tennessee Chapter September 2008 Meeting

REDBUD Construction Services is attending the NKBA Tennessee Chapter Meeting in Nashville, TN at the ProSource Showroom (click here for a map).

The main speaker is Mark Naftel, counsel in the Business and Technology Group of Baker, Donelson, Bearman, Caldwell, and Berkowitz PC in Nashville, TN.  Mr. Naftel details the various parts of a contract and how they specifically relate those professionals in the construction/remodeling industry.

Listed below are the main aspects of the seminar:

What should be in a Contract?

1. Indentity of parties
2. Definitions
3. Description of services or goods to be provided
4. Payment – How Much and When
5. Risk allocation
6. Method of agreement – Signatures and hand written changes
7. Details of deposits and payment schedules
8. Explaination of handling Change Orders
9. Inspections and approvals – sunset provisions
10. Delays – Liquated damages and Bonus provisions
11. Liens
12. Warranties
13. Subcontractors – Indemnity and regulatory compliance
14. Inspection and acceptance provisions
15. Limits of Liability
16. Late Fees and cost of collection

“THE CONTRACT SHOULD TELL YOUR STORY ABOUT HOW YOU RUN YOUR BUSINESS”

*The Mission of the National Kitchen & Bath Association (NKBA) is to enhance member success and excellence, promote professionalism and ethical business practices, and provide leadership and direction for the kitchen and bath industry worldwide.