The Management of Claims under FIDIC Contracts
May 5 @ 8:30 am - May 6 @ 4:30 pmR6999
One of the most significant changes in the 2017 Conditions of Contract is in the management of the Employer and Contractors Claims.
The Construction Industry has a reputation for disputes and conflict. For example it is estimated that 50% of all legal costs incurred in construction projects are associated with disputes and that 10% of the total project cost was legal cost. The correct preparation and submission of contractual claims is fundamental to parties’ success in being awarded additional time and monies on a project.
Failure to adhere to the very strict procedures laid down in the various contracts will in most cases render the claim invalid. To avoid claims being rejected it is vital that the correct procedures are followed . This training module is designed to provide practical advice to those working with the FIDIC Conditions of Contract in the management of claims, understanding, defending and achieving the resolution to claims, and the workings of the Dispute Adjudication Board and Arbitration.
It highlights important issues such as double notice provisions, times for submission, and deals extensively with Extensions of Time and Quantum calculation. The workshop examines the role of the Engineer in making determinations, Employers Claims and the issue of instructions after the Contract Completion Date has passed. Variation and their effect on the programme form an integral part of this workshop.
This workshop will give you insight to the major changes and comparisons within the 2017 Red and Yellow Books and clear understanding of managing Employer and Contractors Claims.