Advance FIDIC Contracts Management

Overview:

Introduction:

This training program offers participants an in-depth understanding of the FIDIC suite of contracts and their practical applications. It empowers them to enhance their contract management capabilities and drive project success.

Program Objectives:

At the end of this program, participants will be able to:

• Understand the principles and structure of FIDIC contracts.

• Learn practical applications and management of FIDIC contract provisions.

• Develop skills to handle variations, claims, and disputes under FIDIC contracts.

• Gain insights into the roles and responsibilities of parties in FIDIC contracts.

• Enhance strategies for risk management and dispute resolution in FIDIC contracts.

Targeted Audience:

• Project Managers.

• Contract Administrators.

• Legal Professionals.

• Construction Managers.

• Engineers.

• Procurement Specialists.

Program Outline:

Unit 1:

Introduction to FIDIC Contracts:

• Overview of the FIDIC suite of contracts (Red Book, Yellow Book, Silver Book).

• Key principles and structure of FIDIC contracts.

• Differences and similarities between various FIDIC contracts.

• Importance of FIDIC contracts in international construction projects.

• Case studies on the application of FIDIC contracts in real-world projects.

Unit 2:

Contract Formation and Interpretation:

• Formation of FIDIC contracts and essential elements.

• Interpretation of key FIDIC contract clauses.

• Role and responsibilities of the Engineer under FIDIC contracts.

• Contract administration and documentation requirements.

• Practical exercises on contract interpretation and application.

Unit 3:

Managing Variations under FIDIC Contracts:

• Identification and management of variations in FIDIC contracts.

• Procedures for initiating and approving variations.

• Impact of variations on project cost and schedule.

• Best practices for documenting and managing variations.

• Case studies on handling variations in FIDIC contracts.

Unit 4:

Claims and Disputes in FIDIC Contracts:

• Overview of claims and disputes in FIDIC contracts.

• Procedures for submitting and assessing claims.

• Role of the Engineer and Dispute Adjudication Board (DAB) in resolving disputes.

• Techniques for effective claim preparation and negotiation.

• Case studies on claims and dispute resolution under FIDIC contracts.

Unit 5:

Risk Management in FIDIC Contracts:

• Identification and assessment of risks in FIDIC contracts.

• Risk allocation and management strategies.

• Role of insurance in risk management.

• Implementing risk management plans in FIDIC projects.

• Discussions on risk management scenarios.

Unit 6:

Performance Security and Guarantees:

• Types of performance security and guarantees in FIDIC contracts.

• Procedures for calling and releasing performance security.

• Legal and practical considerations in managing guarantees.

• Best practices for ensuring compliance with performance security requirements.

• Case studies on performance security issues in FIDIC contracts.

Unit 7:

Payment and Financial Management:

• Payment procedures and requirements under FIDIC contracts.

• Management of advance payments, interim payments, and final payments.

• Financial control and monitoring in FIDIC projects.

• Handling delays and disputes related to payments.

• Practical exercises on payment management and financial control.

Unit 8:

Time Management and Delays:

• Time-related provisions in FIDIC contracts.

• Procedures for managing project schedules and delays.

• Extensions of time and liquidated damages.

• Techniques for mitigating and resolving delay-related issues.

• Case studies on time management in FIDIC contracts.

Unit 9:

Contract Closeout and Handover:

• Procedures for contract closeout and project handover.

• Documentation and administrative requirements for closeout.

• Handling defects liability and warranty periods.

• Best practices for ensuring a smooth project closeout.

• Discussions on contract closeout challenges and solutions.

Unit 10:

Advanced Dispute Resolution Techniques:

• Overview of advanced dispute resolution methods in FIDIC contracts.

• Role of arbitration and alternative dispute resolution (ADR) techniques.

• Preparing for arbitration proceedings.

• Techniques for achieving amicable settlements.

• Case studies on successful dispute resolution in FIDIC projects.