About the Course
This course provides practical techniques for controlling and optimizing construction project costs. Participants will learn budgeting, cost forecasting, variance analysis, earned value management, and corrective actions to keep projects within financial targets.
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Course Outline
1. Construction Contracts Administration Overview
Understanding the purpose and function of construction contracts
Key principles of contract administration
Responsibilities of various stakeholders in contract execution
2. Types of Construction Contracts and Their Main Features
Lump sum contracts
Unit price contracts
Cost-plus contracts
Design-build contracts
EPC (Engineering, Procurement, and Construction) contracts
Comparative analysis and selection criteria
3. Standard Forms of Construction Contracts
FIDIC contract forms
NEC contracts
AIA contracts
JCT contracts
Legal implications and risk allocation in different contract types
4. Obligation of the Parties (Employer and Contractor)
Employer’s obligations: payments, approvals, and site conditions
Contractor’s obligations: quality control, timely execution, and compliance
Subcontractor and supplier obligations
5. The Role of the Engineer in Construction Contracts
Engineer’s authority and responsibilities
Issuing instructions and approvals
Managing variations and certification of payments
Dispute avoidance and resolution strategies
6. Variation Order Management
Definition and causes of variations
Legal and contractual considerations for variation orders
Documentation and approval process
Cost and time impact assessment
7. Claims Management in Construction Contracts
Types of claims: time extension, cost escalation, and unforeseen conditions
Contractual requirements for claims submission
Strategies for effective claim management and negotiation
Avoiding disputes through proactive contract management
8. Dispute Resolution in Construction Contracts
Common causes of disputes in construction projects
Alternative dispute resolution (ADR) mechanisms
Mediation
Arbitration
Adjudication
Litigation as a last resort
Best practices for minimizing disputes and legal risks
REGISTER YOUR INTEREST FOR FREE AND GET AN EARLY-BIRD DISCOUNT
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Course Outcome
By the end of this course, participants will be able to:
Understand the fundamentals of construction contract administration.
Identify different types of construction contracts and their applications.
Apply standard forms of construction contracts appropriately.
Clarify and manage the obligations of employers, contractors, and engineers.
Handle variation orders efficiently while mitigating risks.
Manage construction claims effectively and resolve disputes professionally.
Implement best practices in contract administration for successful project execution.