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Construction Project Delay: Avoid, Manage and Analyse Cost of Delays 29 Nov...
Tue 29 November 2016, 9:00 AM – 5:00 PM Singapore Standard Time Singapore Time
Time might not always be money, but construction delays cost!
A construction project’s success is determined by its completion within time and budget. This importance is amplified in the current fiscal climate, where restricted access to funding means employers and contractors are less able to tolerate costly delays. Delays may also result in litigation if there is a dispute over who was responsible for the project delay – so it is critical to capture, analyse and resolve project delays quickly.
This one-day course introduces the common causes, prevention and, in particular, how to manage pro-actively the consequences of project delays. The course emphasises practical instruction and its real-world application.
It is also a rare opportunity for you to learn about the mysterious world of Delay Analysis.
Why You Should Attend?
Learn how to identify and avoid potential cause of delay to increase project success.
Know what you need to start on in capturing delays and be able classify them as compensable or non-compensable.
Evaluate impact and cost of the delay in your projects by reviewing various delay analysis methodology recognised in construction industry.
Know factors to consider when working with the project contract.
Build appropriate documentation and correspondence for efficient construction collaboration and communication to avoid surprises and change orders
What to Expect?
Lecture: interactive series of presentation supported by in-depth group discussions.
Case Studies and Exercises: allow you to apply the new theory and concepts in real-life context.
After this programme, you will be able to:
- Identify the common causes of delay and how to overcome them.
- Apply practical steps to avoid, identify, and quantify events that cause delays.
- Implement management of delay costs and time claims through record management and contractual notices.
- Conduct delay analysis; how it is assessed, how results interface with cost claims and other considerations such as concurrency and non-excusable delay.
- Define the factors to consider when valuing delay, in particular related to prolongation, loss and expense claims.
- Explain contractual considerations;” time-bar” defences and “time at large” arguments.
Who Should Attend?
Surveyors / Engineers / Architects / Project Managers / Cost Managers / Consultants
Developers / Contractors/ Owners