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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 its 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) requires sound subject knowledge (both technical and contractual), persuasive skills in writing and pleading and an analytical mind to connect the dots and establish the causation link.
This 2-day course 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 maximize the use of resources, delay analysis, risk and claims assessment.
Come and join the course, where the Course Leader 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.
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