Introduction
This highly practical course aims to simplify the procurement, management, and administration of FIDIC contracts through the use of templates, case studies, and examples, drawing from the facilitator's years of experience in dealing with these contracts and advising blue-chip clients. While the course will primarily focus on the provisions of the FIDIC Red Book, delegates will master all the contracts outlined in the FIDIC 2017 edition. Each delegate will receive a copy of the FIDIC Red Book 2017 for reference.
Through this course, participants will gain in-depth knowledge of Contract Lifecycle Management, covering every phase of a contract, from drafting and preparing the contract agreement to managing claims, amendments, payments, and disputes in FIDIC contract management.
Course Objectives
By the end of this course, participants will be able to:
- Define the principles of Contract Lifecycle Management and its relationship to risk management and internal controls.
- Understand the different roles and responsibilities of various stakeholders in FIDIC contract management.
- Recognize the functions of corporate governance within the context of FIDIC contracts.
- Learn how to create and manage the Contract Lifecycle from drafting the contract to final payments.
- Understand how to deal with amendments, variations, and manage financial claims in FIDIC 2017 contracts.
- Develop the skills required to manage disputes and resolve them through the appropriate dispute resolution mechanisms.
Course Outlines
Day 1: Overview of the FIDIC 2017 Suite of Contracts
- Introduction to the various FIDIC contracts and their differences.
- How to select the appropriate contract type for different projects.
- Proper methods for preparing and completing the Contract Agreement, Particular Conditions, and other essential documents in FIDIC contract management.
Day 2: Design Responsibility and the Role of the Engineer
- Discuss the Contractor's responsibility for design and checking the Employer’s requirements.
- In-depth look at the Engineer’s role in administering the contract, issuing determinations, and making key decisions in the contract lifecycle.
Day 3: Payment Provisions and Contractor’s Claims
- Procedures for submitting interim and final payment applications in FIDIC contract management.
- Addressing variations and understanding the procedures for handling time and cost implications.
- Discussing contractor’s claims for revised completion dates and additional costs, as well as how employers should respond to and assess these claims.
Day 4: Quality Control and Dispute Resolution
- Key provisions relating to quality control and handling defective workmanship.
- How to address disputes using Dispute Adjudication Boards (DAAB) and other mechanisms within FIDIC contract management.
Day 5: Case Studies and Workshops
- Analysis of real-life case studies in engineering projects.
- Practical application of contract lifecycle management techniques through workshops to enhance participants’ skills in managing FIDIC contracts effectively.
Why Attend this Course? Wins & Losses!
- Master Contract Lifecycle Management for FIDIC 2017 contracts, ensuring efficient and effective contract administration from start to finish.
- Learn how to handle all aspects of FIDIC contract management, including contract preparation, variations, payments, and claims.
- Gain valuable insights into how to reduce the risk of disputes and claims, ensuring smoother project execution and better financial management.
- Understand the critical role of corporate governance and risk management in FIDIC contract management, ensuring compliance and avoiding costly mistakes.
- Develop the skills necessary to successfully manage international construction contracts, handling complex issues with ease.
Conclusion
This training is essential for professionals looking to sharpen their skills in FIDIC contract management and Contract Lifecycle Management. With a focus on real-world application, participants will leave with the knowledge needed to manage complex FIDIC contracts efficiently, reduce the risk of claims, and effectively resolve disputes. The course provides you with the tools and strategies needed to handle the entire lifecycle of a FIDIC 2017 contract, giving you a competitive advantage in international construction contracting.
Join us to enhance your ability to navigate the complexities of FIDIC contract management and gain practical experience in handling contract lifecycle management challenges. Don’t miss this opportunity to develop your skills in one of the most in-demand areas of contract management.
