Objective
Key Course Highlights
Introduction to FIDIC Contract Types:
- Understand the distinct FIDIC contract forms: Red Book, Yellow Book, Silver Book, and Green Book.
- Learn how to select the right contract type based on project scope, risks, and objectives.
- Delve into each contract type’s application, covering aspects such as risk allocation, responsibilities, and financial arrangements.
Exploring Critical Clauses in FIDIC Contracts:
- Analyse essential clauses that are common sources of disputes, including delays, cost overruns, variations, and extension of time (EOT) clauses.
- Study the impact of clauses on both employers and contractors and strategies to prevent issues arising from them.
Dispute Resolution Techniques:
- Master various dispute resolution mechanisms within the FIDIC framework, such as negotiation, mediation, adjudication, and arbitration.
- Gain insights into effective negotiation strategies and how to avoid disputes before they escalate.
- Understand the process of Dispute Avoidance and Adjudication Boards (DAAB) and how they can proactively manage conflicts.
Managing Claims and Extensions of Time (EOT):
- Learn how to manage claims related to delays, variations, cost overruns, and extensions of time (EOT).
- Understand the procedures for submitting and resolving claims, including how to quantify and defend claims.
- Analyze the responsibilities of the Employer, Contractor, and Engineer in the claims process.
Arbitration and Regional vs International Standards:
- Explore the role of arbitration in resolving disputes under FIDIC contracts, and understand how it differs across regional jurisdictions (e.g., Middle East vs international standards).
- Understand the role of international arbitration institutions and procedures and how they can be integrated into project contracts.
Learning Objectives
By the end of this course, participants will be able to:
- Select the appropriate FIDIC contract type based on project requirements, risks, and legal considerations.
- Identify and mitigate potential claims and disputes by analyzing key FIDIC clauses and applying preventive contract management strategies.
- Effectively manage changes, claims, and disputes through the practical application of FIDIC contract mechanisms.
- Assess FIDIC clauses relating to claims, EOT, and dispute resolution, and understand their implications for both employers and contractors.
- Navigate the dispute resolution process using techniques like negotiation, mediation, DAAB, and arbitration.
- Understand the legal frameworks surrounding arbitration, with a particular focus on differences between regional arbitration laws in the Middle East and international arbitration practices.
- Gain advanced skills in risk management, liability, force majeure, and other critical contractual concepts that are vital in FIDIC contracts.
Training Methodology
This course takes an interactive and practical approach to learning:
- Instructor-Led Sessions:
Delivered by FIDIC experts, either in a classroom or online format, to provide foundational knowledge of contract management and dispute resolution techniques. - Step-by-Step Analysis:
Detailed breakdowns of critical FIDIC clauses related to claims, disputes, and contract administration, focusing on their real-world applications. - Problem-Solving Workshops:
Participants will engage in hands-on workshops where they will address actual challenges faced in managing FIDIC contracts, from claim submissions to dispute resolution. - Case Study Reviews:
Real-life local and international case studies will be examined to highlight lessons learned and practical strategies for managing claims and resolving disputes. - Interactive Exercises:
Practical sessions focused on drafting FIDIC clauses, preparing and presenting claims, and resolving disputes. Participants will immediately apply their knowledge to real-world situations.
Organisational Benefits
Organizations that enroll their teams will experience the following benefits:
- Reduced Risk Exposure:
By adopting best practices in contract administration, risk management, and claims resolution, organizations can significantly reduce their exposure to costly claims and disputes. - Improved Stakeholder Relationships:
With a transparent, fair, and balanced approach to contract management and dispute resolution, organizations can foster better relationships with contractors, clients, and other stakeholders. - Customized FIDIC Templates:
The ability to create customized FIDIC-based contract templates that meet Organisational needs and ensure legal compliance. - Streamlined Claims Management:
Through standardized processes and clear guidelines, organizations will be able to handle claims more efficiently, saving time and resources. - Proactive Dispute Management:
By establishing internal procedures for identifying and addressing disputes early, organizations can prevent costly delays and financial impacts.
Personal Benefits
Participants will gain valuable skills and knowledge that can advance their careers:
- In-Depth Understanding of FIDIC Contracts:
A comprehensive understanding of FIDIC contract types, clauses, and best practices for managing them. - Contract Drafting Expertise:
Mastery of the skills needed to draft clear and enforceable FIDIC clauses, minimizing risks and preventing disputes. - Claims and Dispute Management Skills:
Advanced capabilities in preparing and presenting claims, as well as managing disputes effectively through various resolution techniques. - Career Development Opportunities:
The ability to expand career prospects in contract management, dispute resolution, and claims administration. - Improved Collaboration Skills:
Strengthened communication and negotiation skills that will enhance collaboration with contractors, clients, and other project stakeholders.
Who Should Attend?
This training is suitable for professionals working in sectors such as construction, EPC, Oil & Gas, and government projects. Specifically, it is designed for:
- Project Managers:
Managing the execution of contracts and ensuring alignment with project scope and objectives. - Commercial Managers, Cost Managers, and Project Controllers:
Responsible for financial oversight, budgeting, and ensuring contract performance. - Procurement, Supply Chain, and Contract Management Personnel:
Involved in procurement processes, contract negotiation, and overall contract management. - Senior and Middle Managers:
Overseeing project execution, ensuring contract terms are adhered to, and managing risks. - Claims and Dispute Management Specialists:
Professionals looking to enhance their expertise in resolving claims and disputes under FIDIC contracts.
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
