Diploma in Contracts Management
Introduction
This unique structured training programme aimed to build construction contracts practitioner and non-contracts practitioner from the basic level to the esteemed level. This programme drives into depth to;
- Build your knowledge and skills on Contract Management to manage your contracts effectively and efficiently
- Develop Best Contract Management practices
- Contract Negotiation techniques and strategies
- Learn to manage the real time contractual issues related to payments, variations, suspension and termination
- Dispute resolution and Conflict avoidance.
Duration – 4 Months.
Most Beneficial For
- Those who are involved in contractual related issues
- Quantity Surveyors
- Contracts Managers
- Commercial Managers
- Claim Managers
- Estimators
- Project Managers
- Subcontractors
- Employer’s Agent
Benefits of the Programme
Learning Outcomes
- Contracts Management
- Introduction of all FIDIC forms
- Introduction of Construction Law
- Law of Contract
- Type of Contract
- Lump Sum Contract
- Measure & Value Contract
- Cost reimbursement Contract
- Forms of Contract
- Element of Contract
- Standard form of Contract
- Advantage of Standard form of Contract
- Why amend Standard form of Contract
- How to choose suitable Standard form of Contract – Case Study
- Construction Variations
- Introduction to Variation
- Identifying Variations
- Change Control Management
- Importance of Variation Clause in a Contract
- Variation Process under FIDIC 1999 Red Book
- Right to Vary
- Change Control Forms
- Engineer’s Instruction
- Variation Procedure
- Value Engineering and Value Management
- Provisional Sums / Prime Cost Sums
- Daywork
- Contractual Entitlement for a Variation
- Notifying Variations
- Checking Validity of Variations
- Valuation of Variations
- Omissions
- Suspension and Termination
- Suspension by Contractor
- Suspension by Employer
- Termination by Contractor
- Termination by Employer
- Payment after Termination
- Payment after Termination by Contractor
- Payment after Termination by Employer
- Construction Payment
- Payment related issue in the construction industry
- Type of payment arrangement
- Cash Flow Forecast – S-Curve
- Payment Based on FIDIC 1999 RED BOOK
- Type of Payment Application
- Interim Payment Application – IPA
- Progress Reports
- Application for Interim Payment Certificate
- FIDIC 1999 IPC Format
- Value of the Works executed
- Changes in legislation & changes in cost
- Base Date
- Retention
- Advance Payment
- Material On site / Off site
- Sample IPC
- Performance Bond/Security
- Performance Certificate
- Interim Payment Certification
- Issue of Interim Payment Certificate
- Payment by Employer
- Holding the Contractor’s Payment
- Deal with Delay Payments
- Statement at Completion
- Final Account
- Discharge Letter
- Issue of Final Payment Certificate
- Release of retention
- Release of Performance Guarantee
- Dispute Resolution
- Dispute management procedures in FIDIC 1999 & 2017 forms
- Typical situations in dispute management