Multifamily residential offers attractive design opportunities for architects—but those opportunities bring significant risks.
Condominium projects compound the risk, potentially impacting a firm's insurance. Market-driven conversions of rental properties to condominiums pose serious unanticipated dangers with long-term consequences to your practice.
Learn how you can mitigate risks with strategies, including contractual provisions, client and team evaluation, appropriate use mock-ups and testing, and condo documents. Join the discussion and gain the tools necessary to protect your practice.
- Explore the unique risks of multifamily residential projects and identify risk management techniques that can help mitigate firm exposure.
- Review approaches to choosing clients and managing projects that will increase the likelihood of success.
- Examine health, safety, and welfare issues in a real-world case study, and see how architects can deal with client demands for design elements that do not meet code.
- Evaluate the benefits and challenges of insurance and contractual provisions in managing risk.