Construction Contracts Intensive Masterclass
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Course Details
- Introduction
- Objective
- Who should attend
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A construction contract serves as the legal backbone of any construction project, clearly outlining the obligations, rights, and duties of all involved parties. From defining the scope of work to determining responsibility for project design and risk management, these contracts are essential for ensuring that construction projects run smoothly and comply with legal and industry standards. The complexity of construction contracts arises from the need to accommodate various types of agreements, such as lump sum, cost-plus, unit price, and engineering procurement and construction (EPC) contracts, each tailored to different project needs. Understanding the legal systems that shape these contracts and the potential issues, such as claims, variations, and disputes, is crucial for anyone involved in large-scale projects.
The Construction Contracts Intensive Masterclass provides an in-depth exploration of these topics, offering participants the tools needed to navigate complex construction contract agreements. This course covers key contract elements, such as risk allocation, claim management, and the use of standard forms like FIDIC. Participants will learn to handle contractual variations, concurrent delays, and dispute resolution strategies, preparing them to manage projects effectively in different legal and industrial environments. Through practical application, the course ensures participants are well-equipped to manage construction contracts globally.
Course Outline
Fundamentals 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
- Overview of common standards contract forms:
- FIDIC
- NEC
- LOGIC
- Overview of various legal systems influencing construction contracts