- Management
- 90 (Registered)
-
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This program is designed to help you enhance your knowledge of your key duties, responsibilities and potential liabilities in the area of construction contracts. You will have the opportunity to examine a number of critical legal areas that are relevant to your organisation, cases laws will be discussed with the participants for better understanding on the subject.
The two day practical workshop will help delegates enhance their skill on the subject, resulting in a positive impact on the bottom line of the company
•Learn how to create a formal contract
•Deal with contractual clauses that minimises contractual risk
•How to effectively read tender/bid documents/proposals.
•Understand how to deal with and focus on impacts and risks in Variation Clause
•Understand in details entitlement to EOT and concept of Time At Large.
•Understand Delay Claims
•Understand, identify and learn about risks and costs involved when dealing MOU/LOI and NDA
•Suggestion on how Claims can be avoided and focus on best practices on contractual correspondence.
•Understand the pitfalls in drafting Scope of Work (SOW)
•Understand methods involved in measuring Contractor Performance.
•How to deal with dispute and dispute resolution clauses in a contract.
•Dispute Resolution
•International Best Practices
Course Content
Curriculum is empty
Curriculum
- Contracts
- Offer or Proposal
- Rejection of an offer / Counter offer.
- Acceptance
- Consideration
- Essentials of Valid Contract
- Free Consent
- Quasi Contracts
- Performance of Contract
- Breach Of Contract / Material Breach of Contract
- Battle of Forms
- Indemnity
- Assignment and Delegation
- Successors and Assigns
- Limitation of Liability/Total Liability Cap
- Third Party Liability
- Force Majeure
- Damages,Liquidated Damages/ Penalty
- Consequential Damages
- Negligence/Gross Negligence and Wilful misconduct
- Exclusive Remedy Provisions
- Governing Law
- Insurance
- Subrogation and Waiver of Subrogation.
- Representations
- Warranty
- Warranty and Guarantee
- Letter of Intent (LOI)
- Memorandum of Understanding (MOU) and
- Non Disclosure Agreement (NDA) Understand International Best Practices
- Understanding Scope in detail
- Pitfalls in dealing with Scope
- Guideline for drafting Effective SOW
- Managing SOW
- Case Study
- Understanding Bid Bonds
- Advance payment Bonds
- Difference between Bonds and Guarantees
- Performance Bond/Security
- Retention Money/Bond
- Comfort Letter
- Letter of Credit
- Parent Company Guarantee
- Contract Price
- Fixed Price Contract or Lumpsum Contracts
- Cost Reimbursable Contracts
- Time and Material Contracts
- Unit rates
- Maximum Price
- NAPNOC
- Measurable
- Re-measurable contracts
- IPR Ownership Rights in a Contract
- Definition of Variations
- Variations and SOW
- Variation Power
- Limits on Power to direct variations
- Pricing or valuing variations
- Formal requirement of Variation Clause
- Understanding typical methods for measuring contractor Performance
- Taking preventative steps in reducing claims when dealing with Contractor performance
- Letter of Intent (LOI)
- Memorandum of Understanding (MOU) and
- Non Disclosure Agreement (NDA)
Career Pathways
- 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
Course Details
Duration: 2 Days
Venue: TBA
About the Instructor
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