Course description
No matter how well planned your project schedule may be, there is always the possibility for delay. Delays can occur for any number of reasons, some good, some bad, and some might even be a blessing in disguise. The question is not whether delays will occur, (they will), but how they are handled once they do.
Project Delay Management and Claim Assessment Master Class training course we will know how to identify/separate various types of delays, apportion liability for delays between the parties in order to prepare Extension Of Time Claim . also we will be able to analyze delays using different techniques.
The course will enlighten coverage afforded by such time-related insurance policies and how claims are triggered. Common policy issues relating to delays in projects and reasons for the delays will be addressed. Various types of incident scenarios will be shared, and application of the policy cover will also be considered.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Project Delay Management and Claim Assessment Master Class training course, is ideal for:
- Project Engineers
- Project Managers
- Quantity Surveyors
- Consultants
- Building Surveyors
- Financial / Banking officials and representatives of Government agencies and utility companies
Outcome / Qualification etc.
By the end of thisProject Delay Management and Claim Assessment Master Class training course, you will be able to:
- Understand how these project delay insurance policies are arranged and the protection afforded
- Learn the underwriter’s consideration at the time of underwriting the risk
- Appreciate the claims handling aspect of this subject matter
- Highlight type of projects that require such coverage
- Apply some of the concepts relating to project delays and how it affects the contract arrangements
Training Course Content
Day 1
An Overview & Project Delays
- Managing Projects and Stakeholders
- The Need for Insurance in Projects
- The use of A.L.O.P cover to mitigate losses
- Projects Contract Administration
- Conditions of Contracts(FIDIC and other contracts)
- Current projects in MENA and Asia – in relation to delays
Day 2
Application of the Policy and its Typical Coverage
- How the CAR policy is arranged?
- Relevant Coverage
- Discussion on Period of Cover and hand over issues
- General Exclusions – Is War related losses covered?
- Policy Conditions – Taking reasonable precautions
- What if there are two policies arranged for the same site?
Day 3
Understanding the Policy itself
- Policy Operative Clause
- Sum Insured
- Limit of Liability
- Typical examples for each Section
- How about Section II losses and delays?
- Consequential loss – covered?
Day 4
Advanced Loss of Profits ( A.L.O.P) and its details
- Who buys A.L.O.P cover?
- Coverage and exposures
- Exceptions and Conditions
- Connection to Section I
- Role of Loss Adjusters in Claims Handling
- Insured loss and the A.L.O.P claim
Day 5
Handling Project Risks, Delays & Claims Management
- What are Underwriters Concerns?
- Risk Management and How it Works
- Claims Management and Project Monitoring
- How to over come project delays?
- The use of Performance Bonds
- Case Studies relating to delays and A.L.O.P cove
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...