Commercial Awareness for Construction Professionals + Construction Act Up-date

COURSE BACKGROUND

• This BRAND NEW 1 DAY COURSE will help those in the industry consider issues having a significant impact on the commercial outcome of projects. The subject matter includes setting the Contract up and settling major risk issues such as price and scope, and then reviewing things which regularly come under scrutiny in the harsh climate of a recession such as design responsibility, variations and valuing changes, letters of intent and time and money differences.
• The Course is suitable for all those involved in setting up or administering Construction Contracts including Architects, Engineers, Quantity Surveyors, Managers and whether employed by Employers, Contractors or Subcontractors.

SPEAKERS’ PANEL

The speaker for each course will be from a panel of Lorne Alway, Scott Milner, Peter Ormston and Michael Rowlinson

OVERVIEW

Getting into contract

• What is a Contract – The essential elements
• What form might it take – Documents
• Procurement routes and strategy
• Contract arrangements
• Contracts and Subcontracts
• Scope and risk
• Negotiation
• Setting the price
• What are the terms?

The contract

• Contracting Characteristics
• Entering the Contract
• Link with other Contracts
• Collateral Warranties

Design

• What is Design?
• Standard of care
• Expressed Requirements
• Drawing submission procedure
• Novation

Managing the contract

• Record Keeping – Generally
• Record Keeping – Practical Pointers
• Administration and paperwork
• Notices and communications

Contract mechanisms

• Variations – scope and nature
• Valuing of Variations
• Payment – timing and quantum
• Suspension
• Termination

Dealing with site problems – monetary claims

• Claims
• Breach of Contract
• Damages
• Compensation
• Ascertainment
• Heads of Claim
• Loss and/or expense and/or cost

Dealing with problems – extension of time, liquidated / unliquidated damages

• Extensions of Time
• Liquidated Damages
• Delays
• Assessing Delays

The New Construction Act

• Brief Review of the Local Democracy, Economic Development and Construction Act 2009 and its impact on payment and adjudication provisions.