Course Details
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Course Description
Construction contracts are critical legal frameworks that define the obligations, rights, and responsibilities of parties in construction projects. They ensure that projects meet deadlines, budgets, and standards. A solid understanding of contract formation, common issues, and managing variations, claims, and liabilities is essential for professionals in the industry.
The Construction Contracts Masterclass training course offers a structured exploration of key contractual elements, covering contract formation, differences between traditional and modern contracting structures, and widely used standards like FIDIC, NEC, and LOGIC. The course also addresses challenges such as competitive tendering, negotiating power, design responsibility, force majeure, and termination. Participants will also gain insights into relevant legal systems.
Additionally, the course focuses on handling claims, variations, liabilities, and effective dispute resolution, including indemnities, insurance, liquidated damages, and escalation clauses.
By the end, participants will be prepared to manage construction contracts, minimize risks, and address complex legal challenges.
The Training Course Will Highlight ?
Training Objective
This course aims to equip participants with a solid understanding of the critical aspects of construction contracts, including their legal, structural, and practical applications.
- Understand the fundamentals of construction contract formation and key elements such as scope, design responsibilities, and indemnities.
- Gain knowledge of the various legal systems that influence construction contracts, including distinctions between traditional and modern contracting structures.
- Identify and address common issues in competitive tendering and contract negotiation and understand their legal implications in different industries and regions.
- Learn to manage claims, variations, and time extensions in construction projects, along with the handling of concurrent delays.
- Explore mechanisms of dispute resolution, including third-party and alternative dispute resolution approaches.
- Analyze the role of standard contract forms such as FIDIC and NEC in shaping global construction projects and how they address key issues like risk allocation and project management.
- Explore the impact of force majeure on contract performance and learn how to manage unforeseen events within the framework of construction contracts, ensuring compliance with industry standards.
Target Audience
This course is intended for professionals in the construction industry, such as:
- Project Managers
- Project Engineers
- Contract Managers
- Contract Administrators
- Subcontract Personnel
- Construction Professionals
- Procurement Personnel
- Cost Consultants
- Quality Surveyors
Training Methods
Daily Agenda
Day 1 Basics of Construction Contracts
- Introduction to contracts and their significance
- Discussing the need for contracts in construction projects
- Understanding the process of contract formation
- Distinguishing between the traditional and modern contracting structure
- Discovering common standards contract forms:
- FIDIC
- NEC
- LOGIC
- Overview of various legal systems
Day 2 Common Issues in Construction Contracts
- Discussing issues with competitive tendering
- Identifying the impact of negotiating power in contracting process
- Understanding how contracts is affected by industry, region, and law
- Defining standard of work and understanding its associated issues
- Discussing issues with design responsibility and fitness for purpose
- Describing indemnities clauses and their issues
- Problems with insurance in construction contracts
Day 3 Claims and Variations
- Identifying the causes of claims and variations
- Discovering scope of work variations
- Understand the claim of time extension
- Determining when concurrent delay occurs
- Definition of force majeure and its examples
- Discussing when termination can happen and its issues
Day 4 Construction Contract Liability
- Defining liability in terms of construction contracts
- Describing copyright clauses in plans
- Understanding limits of liability and its forms:
- Fixed Sum vs. Lump Sum
- Discovering common contract liability in construction:
- Bill of Quantities vs. Schedule of Rates
- Adding Incentive Fees
- Escalation
- Economic Price Adjustment
- Discussing the purpose of liquidated damage and its associated penalties
- Overview of liability under law:
- Selection of the right index
- Call-off contracts
Day 5 Disputes Resolution
- Discovering sources of disputes
- Identifying the role of negotiation techniques in dispute resolution
- Determining the role of collaboration in handling conflicts and resolving disputes
- Exploring dispute resolution approaches:
- Third-party approaches
- Alternative approaches for dispute resolution
- Discussing when to go with third-party techniques or alternative approaches for dispute resolution
Accreditation
BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.
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