Module Ref: A1

Duration: 2 days
Maximum 15 delegates

Aims

To provide an introduction to the contractual, legal, financial and other matters that surround a construction contract.

Coverage

Day 1 - Commercial Awareness

• The structure of the industry
• Return on capital employed
• Contractual matters
• Dispute resolution options
• Good practice

Day 2 - Commercial Management

• Pre-contract competitive tendering principles
• Post-contract internal accounting principles
• Financial statements and reporting

Teaching Outcomes

At the end of the workshop, the delegates should appreciate:

• Reasons for contractor involvement in the construction industry
• The range of procurement options applied to construction
• What constitutes a contract and problems of letters of intent
• A range of dispute resolution options
• Simple pre and post contract risk registers
• Assisting in the group preparation of a tender bid
• Conversion of the cost to a price for tender purposes
• Inclusion of subcontractors in tender bids
• Instructions, variations and contemporary records
• Applications for payment
• Assembly of internal accounts and end out forecasts

This course is available each month. Register your interest in this course.