Commercial Management with FIDIC

Course Type - Online

Length of Course - 6 Hours

Next Available Date: 9th May 2024

7pm - 8pm GST

Description

Construction companies are increasingly looking for employees to have well-honed commercial skills to produce success for the business. This course covers what every contractor or construction professional needs to know about managing quality, time and money in building contracts.

Overview

In construction, commercial management refers to the application of skills to maximise business potential by ensuring the successful management of the project’s finances, procurement and the processes that can impact upon a project’s profits, timescales and quality.

Commercial management plays a critical role in a project’s success, and this new course has been built around helping you take on the role of commercial management to help secure success in construction projects. Featuring references to the FIDIC forms of contract, delegates will be well prepared for the day to day actions of commercial management.

Beginning with the very essence of contracts, moving through design obligations and processes, and then looking at best practice in the management of financial, time and quality mechanisms, the content covers all the principle matters arising in construction projects for both the main and subcontract.

Using key industry insights from a highly experienced professional this course will provide delegates with tools and skills to enable them to recognise and understand critical commercial issues and how to deal with them.

Objectives

By the end of the course you will be able to:

- Recognise the necessity for contracts

- Identify the meaning and the responsibility for design and the management of design development.

- Understand the 3rd Party agreements and arrangements that are ancillary to the head contract

- Recognise the administrative burden and need for Certificates Notices and what makes good communications.

- Successfully manage the variation aspects and payment rules of FIDIC forms of Contract.

- Demonstrate a clear understanding of the principles forming the foundations for time and money claims.

Suitability

Who is this course for:

This course is suitable for Construction Managers, Project Managers, Contract Managers, Quantity Surveyors, Estimators, Contract Administrators, Employers Agents, and Consultants

You should have a few years to significant experience in the construction sector. Ideal for those seeking to advance into new areas of commercial awareness.

Curriculum

This course will cover:

Delegates can expect a fully interactive session working through the following agenda :

1. Essential Understanding of a Contracts purpose, necessity and procurement choices.

- Types of Contract seen in the construction industry

- Procuring Contractors and Subcontractors

- Letter of Intent and Ancillary Promises

2. Design Management

- What is Design and Design Development

- Standard of Care, the Expressed Requirement

3. Understand the Benefits for Establishing Sub Contract and Third Party links

- Bonds and PCG

- Third Party Rights and Collateral Warranties

- Subcontracts and Back to Back Main Contract

4. Effective Administration of Contracts identifying the principle clauses

- Notices Certificates Records and Other Communications

- How to Successfully Manage the Contract Mechanisms

5. Change and Payment

- Ambiguity Inconsistency

- Changes and Variations

- How to Pay Others and Be Paid – The FIDIC Mechanics Surrounding Payment

6. Understanding the Management and Administration of Claims for Time and Money

- Extensions of Time Damages and LDs

- Delays; Float and Concurrent Delays

- Loss and Expense

Assessment

There is no assessment for this course.

Leader: Nigel Clayton

Nigel Clayton provides in house and external full day seminars in a variety of construction related topics. His delegates have included local & regional contractors, sub-contractors, developers and specialist trades as well as construction professionals such as architects, surveyors and engineers. He has over 40 years experience in construction projects from concept through to completion and has also represented parties in adjudications and procured tenders. Prior to establishing his own successful consultancy, Nigel has enjoyed senior positions with both contractors and consultants. A wide experience in the construction sector both internationally and across the UK provides Nigel with the practical and anecdotal references he uses throughout his training.