FIDIC Contracts Masterclass (Yellow Book Focus)

Know about the FIDIC, its activities and various books published by FIDIC as Standard Forms of Contracts for the Global Construction Industry
Will understand how Conditions of Contract are structured under FIDIC Contracts and learn how to prepare Particular Conditions as per FIDIC Guidelines
Acquire insights regarding risk sharing principles and how risks are allocated between Employer & Contractor under Red, Yellow and Silver Book
Get deep understanding of Key Clauses of FIDIC Yellow Book and apply the learning for correct interpretation of these clause during work execution
Will be empowered to manage and resolve variation and others changes during project execution as per FIDIC GC
Will learn the potential claim areas, parties' obligations & procedure and develop competency to manage claims & resolve costly dispute during work execution

Requirements

A very basic knowledge of Contracts

Description

This course aims to develop competency & enhance knowledge & skills of construction industry professionals regarding how to draft, review, interpret, perform and administer Project Contracts based onvarious standard form of contracts published by FIDIC and also how to allocate risks among the parties, handle variations and manage claims & disputes as per the guidelines, procedures, timelines and principles provided by FIDIC
In the second section, students will come to know about the FIDIC, its activities and various books published by FIDIC as Standard Forms of Contracts for the Global Construction Industry. In the third section section, students will understand how Conditions of Contract are structured under FIDIC Contracts and learn how to prepare Particular Conditions (PC) as per FIDIC Guidelines. Focus of fourth section is to provide insights regarding risk sharing principles and how risks are allocated between Employer & Contractor under Red, Yellow and Silver Book.
Fifth section provides deep understanding of Key Clauses of Yellow Book to ensure correct interpretation.
After going through 6th section, participants will feel confident to manage and resolve variation and others changes during project execution as per FIDIC Yellow Book GC.
In the 7th section, students will learn the potential claim areas, parties' obligations & procedure and develop competency to manage claims and resolve costly dispute during work execution

Who this course is for

Course is perfectly suitable for Contracts, Procurement and Commercial professionals who are responsible to inviting tenders and awarding project Contracts on behalf of Project Owners
Most appropriate for business development and tendering team who are responsible for tender preparation and submission for project works
Couse is best fit for Contract Administration and Project Execution team from Employers, Contractors and Consultants who are responsible for contract administration and/or performance during work execution
Great learning course for procurement, contracts, construction, tendering & PM professionals who are involved in development and execution of international infrastructure projects

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