Construction Contracts Masterclass
Course Info
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Course Details
Introduction
Objective
Who should attend
Course Location
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.
Course Outline
Basics of Construction Contracts
- Introduction to contracts and their significance
- Discussing the need for contracts in construction projects
- Understanding the process of contract formation
- Distinguishing between the traditional and modern contracting structure
- Discovering common standards contract forms:
- FIDIC
- NEC
- LOGIC
- Overview of various legal systems
