Despite the technological advancements and innovative methods of construction, Construction industry has become dispute prone and termed as risky by its stake holders. Due to the involvement of several stakeholders like Consultants, Contractors and Subcontractors and due to their varied interest in the outcome of the project, the success largely depends on the cohesive performance by each one of them. This is the essence of Contract administration or management
FIDIC is one of the oldest professional organization and they promote harmony in the Construction industry through their Standard form of Contracts. Their suite of contracts, which is called ‘Rainbow suite’ are extremely popular in the international construction market. UAE has adapted the FIDIC form of contract and it is the most popular form of contract even today.
However, FIDIC does not provide guidance on all the contractual problems that are being faced by the contractors and Engineers; For example the liability in case of concurrent delay in a project or validity of a letter of Intent in absence of a signed Contract and this list is endless. So, unless an experienced trainer takes you through the FIDIC principles and filling the gaps with his/her vast experience, it is not easy to interpret and administer a Contract successfully.
In our two day master class, an experienced trainer will explain the principles of contract management and offer practical tips to succeed in your projects. You will undertake live case studies and interact with the trainer and participants reinforcing your learning.
Major Benefits Of Attending:
- UNDERSTAND the Principles of Contract and how a valid Contract is formed
- DISCOVER the construction life cycle and various stages of pre-Contract activities
- MASTER the procurement strategies of Construction projects. (from the FIDIC guide)
- GAIN knowledge about the FIDIC rainbow suite of Contracts and their suitability for different type of projects
- UNDERSTAND the roles and obligations of Employer, Engineer and Contractor/Subcontractor
- ADMINISTRATING the Contract during the course of construction, as recommended by FIDIC
Who Should Attend?
This course will be of interest to those of all levels involved in construction and engineering projects, including:
- Owners and their Representatives
- Architect Consultants
- Quantity Surveyors
- Construction Managers
- Contract Managers
- Project Managers
- Commercial Directors
- Project Funding Agencies
- Government Ministries, Department and Agencies
This course is relevant to the following industries:
- Construction & Infrastructure
- Power & Energy
- Oil & Gas
- Airports & Railways
- Government Structures
- Heavy Industrial
- Mining Projects
- Retail & Commercial
Why you Should Attend?
In the current economic climate, the last thing one needs on a project is an increase in spending. It affects everybody from the Lender through the Employer and Contractor to the Sub-Contractors and Suppliers. To this end, this course looks to provide a guide to preventing the main ingredients of additional cost and time on projects or at least managing them within tolerable levels.
The course is provided to elevate the ethos of dispute avoidance and the art of working within a ‘Team’, which will not only provide a working insight into FIDIC Forms of Contract, but also touching on other standard forms and bespoke construction contracts.