PROGRAM SCHEDULE
Ref No: MM 107 Program Name: Developing and Evaluating Construction Procurement Strategies
Starts | Ends | Venue | Fees | Join Now |
15 Apr 2024 | 19 Apr 2024 | Singapore, SN | $ 5,750 | Registration Closed |
03 Jun 2024 | 07 Jun 2024 | London, UK | $ 5,750 | Registration Closed |
21 Oct 2024 | 25 Oct 2024 | Nairobi, KE | $ 5,250 | |
21 Apr 2025 | 25 Apr 2025 | Singapore, SN | $ 5,750 | |
16 Jun 2025 | 20 Jun 2025 | London, UK | $ 5,750 | |
20 Oct 2025 | 24 Oct 2025 | Dubai, UAE | $ 4,750 |
PROGRAM DETAILS
Introduction
Construction contracts are often characterised by poor working relations between the employer and the contractor. Following the correct contracting strategy will assist in not only improving the relationship but will ensure that the goal of the project is reached.
Construction contracts have to address and satisfy the following three main objectives:
- Rights
- Responsibilities
- Risks
Delegates will learn how to select the most appropriate contract strategy, manage the contract effectively and evaluate the results.
Learning Objectives
By attending this highly interactive program, delegates will gain:
- Cleary identify the objectives of a construction project
- Identify the different types of contracts that are available
- Identify the different types of tenders
- Work with the end-user to select the appropriate contract strategy
- Manage the entire process from the initiation phase right up to completion
Target Audience
The seminar is designed for:
- All end-users, clients, professionals, procurement officers involved in construction projects
It would enable delegates to apply the acquired knowledge in order to improve the entire construction process.
Training Methodology
This practical and results-oriented program is based on adult learning concept. It incorporates inspiring lectures with structured lessons from the learning manual; PowerPoint slides and videos to enhance learning; ongoing discussions with action planning as well as ample time for Q&A
Program Content
Day 1
Determining the objectives of the construction process
- Introduction
- Characteristics of a proper Procurement and Contracting system
- Overview of the construction process: from initiation to hand-over
- Types of contracts commonly used in the construction industry
- Tendering strategies
- Selecting the most appropriate contract and tendering strategy
Day 2
Managing the initial phases of the contract
- The design process
- Creating a base-line and managing changes to the base-line
- Creating a Statement of Work
- Specification checklist
- Provisions for preparing the construction site
- Risk assessment
Day 3
Contract Essentials
- Definition of a contract
- Contract negotiations
- Standard clauses in a contract
- Construction companies and the law
Day 4
The Tendering Process
- Invitation to tender
- Receiving tenders
- Evaluation of tenders
- Comparing and analysing Cost breakdowns
- How to ensure value
Risk Management
- Identification of construction risks
- How to quantify the risk
- Allocation of Risk
- Bonds, guarantees and warranties
Contract Management
- Managing changes to the contract
- Progress payments
- Difference between a Contract Amendment and a Variation Order
- Handling Breach of Contract
- Claims
Day 5
Planning, Execution, Control & Corrective Action during the Construction Project
- Establishing an effective and interactive Planning System to ensure Project Objectives are met
- The difference between the Critical Path and Critical Resource method
- Measuring progress: an introduction to Scheduling and Control
- Contingency planning and implementation
- Evaluation in terms of cost, schedule and performance
- Closeout of the project
- Managing Warranties and Guarantees