The workshop on Construction contract management & claims will address issues from procurement, formation, design risks and claims. The workshop has been designed specifically to enhance the participants commercial awareness in construction contracts and provide them with the necessary acumen and confidence to negotiate commercially viable contracts and manage risk in projects. The 02 days of workshop on drafting and vetting, will aim to show how it necessitates in every aspect of business be carried out in a most professional manner. More specifically the contracts to be carefully drafted to gain more favourable terms from the counter party by having to expend least resources possible.
Who should attend the workshop
General Managers, Managing Directors, In house Counsels, Contract Managers, Project Directors, Projects Heads/Managers, Contract Heads, Contract Directors, Claims Manager, Contracts Special lists, Consultants, Engineers, Planners, Schedulers, Quantity Surveyors, Architects and Sub contracts
Day-1 Construction Contract Management | |
1. Contract Law Principles- How are Contracts Formed.
When does an Agreement become a Contract? When does a LOI/MOU (Letter of Intent /Memorandum of Understanding – become a contract |
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2. Commercial Terms and Conditions
Thorough understanding of clauses, which deals allocation of Risks Taking preventative steps in Mitigating the Risk |
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3. Identifying risk involved and cost implications in
Understand International Best Practices |
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4. Scope of Work/Statement of Work (SOW) |
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5. Commercial Terms in a Contract |
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6. Types of Contracts |
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7. IPR Rights in a Contract | • IPR Ownership Rights in a Contract |
Day-2 Construction Contract Management |
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Dealing with Variations |
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Measuring Contractor Performance |
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Learn Contractual Correspondence when dealing with claims |
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Defects in Construction Contracts |
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Key issues in Dealing with Construction Claims |
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Claims arising out of Delay |
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The Most frequent clauses which give rise to Claim | Unforeseeable physical conditions
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Exercise Sheets – |