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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.
Basics of Construction Contracts