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.
This course aims to equip participants with a solid understanding of the critical aspects of construction contracts, including their legal, structural, and practical applications.
- Understand the fundamentals of construction contract formation and key elements such as scope, design responsibilities, and indemnities.
- Gain knowledge of the various legal systems that influence construction contracts, including distinctions between traditional and modern contracting structures.
- Identify and address common issues in competitive tendering and contract negotiation, and understand their legal implications in different industries and regions.
- Learn to manage claims, variations, and time extensions in construction projects, along with the handling of concurrent delays.
- Explore mechanisms of dispute resolution, including third-party and alternative dispute resolution approaches.
- Analyze the role of standard contract forms such as FIDIC and NEC in shaping global construction projects and how they address key issues like risk allocation and project management.
- Explore the impact of force majeure on contract performance and learn how to manage unforeseen events within the framework of construction contracts, ensuring compliance with industry standards.
This course is intended for professionals in the construction industry such as:
- Project Managers
- Project Engineers
- Contract Managers
- Contract Administrators
- Subcontract Personnel
- Construction Professionals
- Procurement Personnel
- Cost Consultants
- Quality Surveyors