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Claims are the assertion by a Contracting Party of its Rights to Additional Costs, Time or other Damages that have not been settled through the Contract Payment Method. Disputed Variation orders also become Claims, here the Full Variation Order (VO) or Part of it may be disputed. Claims are Dirty words on Projects & other Business Transactions, unless handled properly, they harm many strategic business objectives and relationships. Win-Win methodology is one good Strategy to handle claims so they do not cause harmful side-effects.
Attending this Program can help Save your Organization Substantial Sums, millions of dollars on large projects, as Claims or Counter-Claims, Spurious Claims, Claims with Double Charging, Legally Barred Claims, Variation Orders (VOs), Delay Costs, Organization Business Losses and Consultant Fees.
Who should Attend?
This program is intended for Claim Professionals, Contract Administrators, Legal Staff, Quantity Surveyors, Project Managers, Project Site Professionals, and Project Coordinators.
This program is also useful for Project Finance Professionals and Project Audit Professionals.
PROGRAM CONTENT
Project Claims & Counter-Claims Management
Business Aspects of Project & Construction Contracts
Project Stakeholders & Their Expectations
Operational Objectives of Projects
Strategic Objectives of Projects
Risks on Construction Projects
Typical Risk Distribution on Construction Contracts
Important Risk Assigning Clauses on Construction Contracts
Legal Rules for Contract Interpretations
What All Claimant has to Prove to be Entitled to a Claim
For each Contract Clause Above
(1) Notices and other communications to be sent,
(2) How to Responding to the Notices Received,
(3) How to Document supporting facts as evidence,
(4) Essential efforts for mitigation to protect rights,
(5) Negotiating and settling the disputes and disagreements,
(6) Preparing Change Orders and Claims
(7) Analyzing Variation Orders & Claims Submitted by other Party,
(8) Win-win settlement of claims
(9) Payment retentions for Claims
(10) Claim Incident Monitoring
(11) Collecting Liability Evidence
(12) Collecting Causation Evidence
(13) Collecting Mitigation or Lack of Mitigation Evidence
(14) Collecting Damages Evidence
Identifying Concurrent Delaying Events that shift Liability
Identifying Non allocable costs in Variations and claims
Identifying Double charging hidden in variation or claim calculations
Understanding Non Mitigated losses due to lack of due-diligence
Inappropriate calculation methods employed to quantify the Variations and Claims
Negotiating Disputes and Disagreements
Understanding Win-Win Methods for Settlement of
Claims Analysis
Settingup a Claims Knowledgebase for your Organization
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Project Claims & Counter-Claims Management
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