Contract Management during Construction and Implementation

Course Overview Unlike most project finance training courses that concentrate on bid and negotiation period to financial close, the course is a practical course that helps delegates involved in the construction and operations phases to understand the construction, facilities management, loan documents and security agreements. Delegates will learn the tools and skills to identify the relevant issues which arise and how they can be resolved. Delegates examine real life case studies and identify options for resolution. Summary of course content Different contract types Contracts risk transfer Stakeholder management Payment mechanisms and performance Total project management systems Methodology Real life case studies are used throughout to illustrate the various concepts. These case studies include toll road projects, hospitals, courts and prisons. Who should attend this training course? Contractors Lawyers Operators Bankers Equity Investors Government officials Involved in construction period, transition period and operation period
Day 1 Registration commences at 8:30 Programme runs from 9:00 - 5:00 daily Contracts and types Essential clauses Service levels provided by the operator Interface with the construction contractor Duration/Payment Output specification Risk transfer Operator’s liability for inadequate performance Guarantees Dispute resolution Contract management Keeping contracts on track Aim and key components Team Tools Procedures Measuring performance Monitoring progress Administration Reporting Knowledge management Enforcement Managing stakeholders Stakeholder mapping Roles and responsibilities Stakeholder engagement Transparency (disclosure issues) Effective communication Day 2 Payment mechanisms Types Closely connected to performance strategy Incentives to improve Price adjustment Testing Specific performance testing for each service Standards to be capable of objective measurement Appropriate weighting Aggregate scoring Monitoring body Performance standards Output specification Public sector objectives Key performance indicators Lifecycle Levels Comparators Price adjustment Inflation provisions/indices agreed annual increases Benchmarking Market testing Governance Policy Regulations Contract provisions Procurement issues Dispute resolution Force majeure events Change in laws Termination Compensation on termination Arbitration/Court Enforcement