Commercial Management Skills for Specialist Contractors (1 Day) – £345.00 per candidate
The course date for this is still to be confirmed but will take place between August and September 2022
Following the completion of this course you will be able to:
- Identify the reasoning for contracts and how to manage contract formation.
- Acknowledge pitfalls within contracts, where they commonly arise and how is best to avoid these.
- Understand the meaning and responsibilities for design and managing design developments.
- Deal with direct contractual processes.
- Establish an understanding of the principles that form the foundations for claims which relate to topics of payment, change and delay.
- Feel confident in managing the commercial needs of a project.
This course will cover the following key topics:
- Effective Contract Formation
- Binding Contracts: The Types of Contracts Known within the Construction industry
- Attaining Contractors and Subcontractors
- Ancillary Promises and the Letter of Intent
- Design, Design Development and Design Management – What is it?
- Standard of Care, the Expressed Requirement
- How to Pay Others and Be Paid – The Laws around Payment
- Understanding Benefits for Determining links between Subcontract and Third Party
- Bonds PCG Third Party Rights and Collateral Warranties
- Assessment Date Due, Date Notices and Final Date for Payment
- Right for Suspension
- Subcontracts and the Main Contract
- Effective Administration of Contracts identifying principal clauses
- Successfully Handling Contract Mechanisms
- Ambiguity Inconsistency and Defects
- When to Pay and Pay If Paid
- An Insight to the Management and Administration of Claims for Time and Money
- Extensions of Time Damages and LDs
- Delays; Float and concurrent Delays
- Loss and Expense