Target Audience

Directors, and Project Managers involved in Construction Projects.
Programme Standards

- Maximum 6 attendees
- 30 days of one to one support
- Handouts
- Programme director/s with at least a Masters Degree in the subject
- Convenient morning timings or in-house at any time for a minimum of two bookings
- Can be configured to address a number of professions and industry sectors

Price

EUR495 ex VAT per participant.
Understanding and Negotiation of Construction Contracts Masterclass​
​
Construction contracts pose complexity for both owners and contractors. For contractors, negotiating fair commercial terms is as crucial as project management. Well-negotiated contracts mitigate risks and liability, reducing financial exposure and disputes. This masterclass offers a comprehensive guide, covering common contract types like lump sum, cost-plus, time-and-materials, and unit-pricing. This updated edition ensures contractors understand best practices to negotiate terms effectively, fostering fair and balanced contracts with confidence.
Topics Covered

Module 1: Understanding the Legalities of Contracts
- What Is a Contract?
- Steps to a Contract
- Negotiating Contracts
- Contract Examples

Module 2: Types of Contracts
- Fixed Price & Schedule Contracts
​- Reimbursable Contracts
- Combined Contracts
- Cost Plus Fee Contracts
- Guaranteed Maximum Price Contracts
- Contracts with Incentives

Module 3: Scope of Work
- Understanding Scope
- Scope Matrix
- Scoping Drawings

Module 4: Payment & Cash Flow
- Cash Flow Management
- Interest Rates
- Payment Terms

Module 5: Scheduling
- Understanding Schedules
- Time Management
- Extra Time Management

Module 6: Performance Assurances
- Guarantees & Bonds
- Forms of Performance Assurance
- Surety Companies

Module 7: Insurance
- Types of Insurance
- Important Insurance Issues
- Insurance Clauses in Contracts

Module 8: Indemnity
- Indemnity Definitions
- Indemnification Clauses
- Negotiating Indemnity

Module 9: Changes
- Change Ground Rules
- Payment for Changes
- Major Contract Changes

Module 10: Disputes Resolution
- Preventing Disputes
- Resolution Options
- Dispute Resolution Clauses

Module 11: Damages
- Breach of Contract
- Damages Types
- Liquidated Damages

Module 12: Warranties
- Understanding Warranties
- Warranty Issues
- Limiting Provisions

Module 13: Termination & Suspension
- Termination Types
- Suspension & Cancellation

Module 14: Force Majeure
- Negotiating Clauses
- Sample Contract Language

Module 15: Other Contract Clauses
- Site Conditions
- Confidentiality Clauses
- Venue & Applicable Law

Module 19: Negotiating Contracts
- Why Negotiate?
- Risk Transfer Strategies
- Effective Negotiation Techniques