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Construction Contract Management

REMI’s Construction Contract Management is a one-of-a-kind program, designed to help you enhance your knowledge of the key duties, responsibilities and potential liabilities in the area of construction contracts. This program gives you the opportunity to examine a number of critical legal areas that are relevant to your organization and also involves discussion of the case’s laws to create a better understanding of the subject. This 2-day practical program will help delegates deal with all the practical and contractual issues in Construction Contract Management as well as enhance their skills on the subject, resulting in a positive impact on the bottom line of the company.

 Day 1

1.   Contract Law Principles- How are Contracts Formed.

  • Contracts
  • Offer or Proposal
  • Rejection of an offer / Counteroffer.
  • Acceptance
  • Consideration
  • Essentials of Valid Contract
  • Free Consent
  • Quasi Contracts
  • Performance of Contract
  • Breach Of Contract / Material Brach of Contract
  • Battle of Forms

2. Commercial Terms and Conditions

  • Indemnity
  • Assignment and Delegation
  • Successors and Assigns
  • Limitation of Liability/Total Liability Cap
  • Third Party Liability
  • Force Majeure
  • Damages, Liquidated Damages/ Penalty
  • Consequential Damages
  • Negligence/Gross Negligence and Wilful misconduct
  • Exclusive Remedy Provisions
  • Governing Law
  • Insurance
  • Subrogation and Waiver of Subrogation.
  • Representations
  • Warranty
  • Warranty and Guarantee
 

3. Identifying risk involved and cost implications

 

  • Letter of Intent
  • Memorandum of Understanding
  • Non- Disclosure Agreement
  • Understand International Best Practices
4.  Scope of Work/Statement of Work (SOW)
  • Understanding Scope in detail
  • Pitfalls in dealing with Scope
  • Guideline for drafting Effective SOW
  • Managing SOW
  • Case Study
5.  Commercial Terms in a Contract
  • Understanding Bid Bonds
  • Advance payment Bonds
  • Difference between Bonds and Guarantees
  • Performance Bond/Security
  • Retention Money/Bond
  • Comfort Letter
  • Letter of Credit
  • Parent Company Guarantee
  • Contract Price
6. Types of Contracts
  • Fixed Price Contract or Lumpsum Contracts
  • Cost Reimbursable Contracts
  • Time and Material Contracts
  • Unit rates
  • Maximum Price
  • NAPNOC
  • Measurable
  • Re-measurable contracts
 7.  IPR Rights in a Contract
  • IPR Ownership Rights in a Contract

Day 2 

1. Dealing with Variations
  • Definition of Variations
  • Variations and SOW
  • Variation Power
  • Limits on Power to direct variations
  • Pricing or valuing variations
  • Formal requirement of Variation Clause
2. Measuring Contractor Performance
  • Understanding typical methods for measuring  Contractor Performance
  • Taking preventative steps in reducing claims when dealing with Contractor Performance
3. Learn Contractual Correspondence when dealing with claims
  • Model Words /Sentences- to protect your company’s interest when dealing with Claims
4. Defects  in Construction Contracts
  • Design deficiencies
  • Material deficiencies
  • Specification problems
  • Workmanship deficiencies
  • Latent Defects
  • Patent Defects
  • Liability of Defects under the Contract
  • Defects Notification Period
  • Defect Liability Period
  • Decennial Liability
5. Key issues in Dealing with Construction Claims
  • Extension of Time (EOT)
  • Program and Records
  • Time is the essence
  • Time at large
  • BOQ
  • Design Error
  • Termination
  • Disruption
  • Cost for Claims preparation
6. Claims arising out of Delays
  • What is Delay
  • Causes of Delay
  • Excusable and non-excusable delays
  • Most common example of delay claims
  • Acceleration
  • Concurrent Delay
  • Float
  • What is required for a successful delay claim
  • Heads of Damages
  • Recommendations to avoid delay claims
7. The most frequent clauses which give rise to  Claims
  • Unforeseeable physical conditions
  • Right of Access to the Site
  • Delayed Drawings or Instructions.
  • Adjustment for changes in legislation
  • Commencement of the Works
  • Learn how to create a formal contract
  • Deal with contractual  clauses that minimize contractual risk
  • How to effectively read tender/bid documents/proposals.
  • Understand how to deal with and focus on impacts and risks in Variation Clause
  • Understand in details entitlement to EOT and concept of Time At Large.
  • Understand Delay Claims
  • Understand, identify and learn about risks and costs involved when dealing MOU/LOI and NDA
  • Suggestion on how Claims can be avoided and focus on best practices on contractual correspondence.
  • Understand the pitfalls in drafting the Scope of Work (SOW)
  • Understand the methods involved in measuring Contractor Performance.
  • How to deal with dispute and dispute resolution clauses in a contract.
  • Dispute Resolution
  • International Best Practices

Eligibility: Managing Directors, Contract Directors, Project Directors, Legal Team, General Managers, Contract Managers, Projects Heads / Managers, Contract Heads,  Claims Managers, Contracts Specialists,  Consultants, Engineers, Planners, Schedulers, Quantity Surveyors, Architects and Sub Contractors.

Duration: 2 Days

22nd and 23rd June 2019

16 Hours in-class program conducted on weekend:

Saturday and Sunday

Timing: 10.00 a.m – 06.00 p.m

The certificate will be issued by The Real Estate Management Institute - REMI

What People Say

I am extremely happy about my decision to join this course and invest my time with REMI. A lot of the subject matter relates directly to my area of work and it helped me to understand those deeply. I think the content is good and has helped me enhance my practice and reinforce my understanding of concepts for the future. REMI is an excellent online platform for continuous learning.

Manoj Mohanty – Business Management Online Live Program June 2020

I am Sreenivasa Rao , a certified Business Doctor based out of Hyderabad and part of the U.K Based Management Consulting company called Business Doctors. We are engaged in the field of Management Consulting and Fund Raising for Businesses across Industries. We are currently catering to a few clients from the Real Estate Industry. With an Objective to understand the Real Estate Industry better, I have taken the “Real Estate Business Management” course conducted by REMI and found it very helpful. The syllabus, the content and its delivery exceeded my expectations. Though this was an online program, it was delivered quite professionally and to my satisfaction.

I thank the management and trainers at REMI for such a wonderful effort and am glad thatI did this course from REMI.

Best Regards,

Shrini – Business Management Online Live Program June 2020

I enjoyed the online course. I thought it was well planned easy for me to follow. I really enjoyed the classes and the format it was presented in. It was an amazing experience. I never expected to learn so much from an online class. Also, the assignments added to the entire learning process.

Real Estate Business Management is my 3rd online program at REMI, after getting certified in Introduction to Real Estate and REITs. The entire course was very detailed and organized. And the case studies were very effective and based on actual projects. To sum up my experience, I enjoyed learning real estate at REMI despite being completely new to the industry. The sessions were imparted in a student-friendly format and all doubts and queries were addressed.

I can proudly say that REMI has positively impacted my understanding of the real estate industry!

Thank you so much REMI!

Yatin – Business Management Online Live Program June 2020

It has been such an amazing experience with REMI. I would like to thank the faculty for sharing their tremendous knowledge. I never thought that understanding construction techniques and calculations will be so easy and especially for a non-technical person like me, it sure was a relief! The best part of the syllabus for me was learning about the overseas real estate market, which I believe only REMI is capable of teaching effectively. I also wish to thank the placement department for assisting me in getting my dream break with Shivalik Ventures as a Senior Marketing Executive.

 

I must say, REMI is making real estate more organised than before!

Prerana Mane, BMF Batch – Sept 2018, placed at Shivalik Ventures Pvt Ltd

REMI has been a pioneer in real estate education and has been bringing people associated with the field together under one roof. I am glad to be a part of the REMI family where all like-minded people are working hard together to bring a positive change in the market.

 

Thank you, REMI, for providing me with the opportunity to be a part of your good work.

Swapnil Tambe, BMF Batch – Sept 2018, placed at Shivalik Ventures Pvt Ltd

REMI has been a wonderful experience and I am very glad to be a part of it. I got the opportunity to meet different personalities from various fields and from different age groups, both amongst the faculty and my class mates I received a lot of knowledge from them. The faculty are experts in their fields and successfully solved all my queries effectively. REMI has given me confidence, which was missing earlier, and made me ‘market ready’. They also provided me with a placement, something which they had promised. I am now financially independent and this is a major accomplishment for me. REMI really works hard to shortlist the best real estate companies and place their students in them. I also get a lot of respect as a student of REMI at my workplace and in the real estate industry- such is their solid reputation and respect.

Samresh Singh, BMF Batch – May 2018, placed in UK realty

I am Shubham Agrawal, ex-student of the Real Estate Management Institute ( REMI), May BMF Batch – 2018. I would like to thank everyone from the REMI team for supporting me and helping me in all the stages of my career.
I would also like to thank REMI for their excellent collaboration with the Institute of Real Estate Management (IREM), USA which enables us to learn the global best practices in leasing. This is excellent knowledge and exposure for us.

 

Most of all, I’d like to thank REMI for preparing me well and that helped me land my dream job. I wish the REMI team a prosperous future and I hope they expand to other cities as well. Good Luck 🙂

Shubham Agrawal, REMI, BMF Batch – May 2018.

REMI has been such a wonderful experience for me. Starting from Day One we got a chance to meet so many different experts and all those interactions enriched us. After I finished my course, I really missed the weekend lectures, my classmates, the faculty and the environment of REMI in general. I also got placed due to REMI and I am so glad to be on my journey to success.

Thank you REMI!

Abdul Tariq, BMF Batch – May 2018, placed at Rajdhyan Ventures Pvt Ltd

The real estate market currently is a market of immense opportunities and I wanted to be a part of it. I came to know about REMI at a college seminar. I chose to do a course here as REMI was offering something related to construction and yet covering every aspect of the real estate market, including marketing and selling, digital marketing etc. I learnt about RERA as well as the registration process for developers. I give REMI the credit for making me realise the vast opportunity for women in real estate I recommend REMI to any person looking to pursue a career in real estate.

Bhumi Rathod- REMI BMF Batch – Dec 2017 | Ahmedabad

We are more than honoured to pen down this testimony and write this as alumna of REMI. REMI has been an immense part of our successful debut in the real estate sector, giving us in-depth knowledge with their highly qualifies professionals and practical approach by the external faculty. Apart from the education, REMI has inspired us to be professional, something that is required in this sector. We also got a fantastic placement opportunity through REMI. Thanks to the training we received at REMI not only did we have an edge and upper hand in our workplace but we also successfully performed in our tasks. As a result, we were chosen to represent our firm at a global level at the Dubai Property Expo – Sumansa. Over the last six months our lives have taken a turn for the better and we can say without doubt that the axis point was REMI.

DHAVAL, CHINMAY, SIDDHARTH (BMF Batch – May 2017)

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