It is a common fact that construction projects normally get delayed for several reasons like resource constraints, late authority approvals or simply due to scope increase and client’s change of mind. When a project is delayed, the contractor is losing money on site expenses and overheads and the delay claims are most debated in final account negotiations. Delayed projects also cost money to the developer as the delayed possession prevents him to earn out of the asset that is being constructed.
Unfortunately the FIDIC or other standard form of Contracts offers no guidance on dealing with delay and disruption claims. Independent professional agencies like SCL and AACE tried to streamline the concepts and offer some assistance for the construction industry but unless someone explains the principles with relevance to your area of work, these resources are hardly useful.
Claims are an integral part of construction business. By the very nature, construction is a risky business and with the involvement of different stakeholders with conflicting interests, it is only natural to have claims and disputes in this industry. The positive fact about construction claim is that the Contract itself provides remedies for dealing with the claim arising from the contract. Despite that simplicity, claims seem to be a nightmare to contractors and even to the Owners. An unresolved claim will manifest into a dispute and resolving a dispute is an expensive process. Have you ever thought why a claim, which appears to be genuine but fails in an adjudication process?
Assessment of claims (both for preparation and defense) require sound subject knowledge (both technical and contractual), persuasive skills in writing and pleading and also an analytical mind to connect the dots and establish the causation link.
Major Benefits Of Attending – You Will Be Able To:
- IDENTIFY early warning indicators of delays and claims
- ASSESS and quantify the extent of delays and disruptions to apportion liability fairly
- LEARN the benefits and limitations of Forensic Schedule and Delay Analysis techniques
- EQUIP yourself with new approaches to managing delays and claims
- APPLY workable recovery plans, acceleration and extension of time to avoid major time overruns
- REGAIN control of slipping schedules and poor performing project
Who Should Attend?
This course is recommended for MDs, VPs, Directors, GMs, Heads, Senior Managers, Managers, Consultants, SME contractors, Systems Analysts, Commercial Managers, Controllers and Engineers responsible for:
- Project / Project Management
- Project Control
- Planning & Scheduling
- Contract / Legal
- Budget & Cost Control
- Project Development
- Project Portfolio Management
- Risk Management
As well as anyone involved in day-to-day project management and who might be perplexed by the complexity of dealing with delays and disruption
Why you Should Attend?
This 2 days workshop has been specifically designed to equip its participants with a holistic overview of the key components critical to the various stages of project construction. This event will feature current strategies, tools and techniques to counter some of the specific project management challenges pertaining to operational efficiency, methods to maximise the use of resources, delay analysis, risk and claims assessment.
Come and join for a workshop, where the trainer will lead you from fundamentals to some contentious issues like float ownership, concurrent delay etc., The information presented will be useful for contract managers, project managers, quantity surveyors and of course for planners.