Time is one of the critical components to completing a successful construction project. Critical Path Method (CPM) scheduling has long been a key process in managing time on a project. A byproduct of the CPM scheduling process is float, an often debated topic, particularly who has the right to use or control the float - who owns the float. The focus of this material will be on float ownership. A brief overview of CPM scheduling will be provided, including a more detailed explanation of what float is and how it is calculated. Various possibilities for the ownership of float will be presented and discussed. Actual contract provisions relating to float ownership will be presented and reviewed. The opinions of the courts from several cases involving the question of float will be provided and discussed. In conclusion, you will have a better understanding of what float is and its place in CPM scheduling.
This topic will explain how to preempt various issues during the negotiation and drafting phases, with an eye toward securing an optimal contract for one's client. It will also address the types of issues that surface as the transaction unfolds, whether during the due diligence phase or even at settlement, offering practical solutions and practice tips. Finally, it will cover litigation topics and cost-benefit strategies to assist you with delivering the most value-added legal services to your clients.
Curious about adding co-ownership offerings into your real estate business?
Orlando Ramirez, Director of Industry Relations at Pacaso, joins us to share some surprising insights into how co-ownership can not only increase your buyer pool and inventory but allow agents to work anywhere in the country, earning a commission and equity.
The How-Tos We’ll Cover:
How to convey why co-ownership is a great solution for second home buyers.
How co-ownership can increase your buyer pool and inventory
How to re-engage past clients
How to work anywhere in the country and earn a commission + equity
How to connect with your network and generate more business
Join Marcus & Millichap President & CEO Hessam Nadji and former Secretary of the Treasury, Lawrence H. Summers, for a LIVE webcast discussion on the economic factors including Federal Reserve policy, that will impact the commercial real estate market. Swarup Katuri, Managing Partner of Brookfield Asset Management, and Conor Flynn, CEO of Kimco Realty, will join the conversation as CRE industry leaders.