Course description
The construction and engineering industry plays a significant role in the economy, accounting for approximately 8% of GDP and creating jobs, supply chains, and long-term benefits.
However, recent economic trends have led to increased costs for construction and engineering projects, including inflation, currency fluctuations, and the supply of materials and labor. This virtual classroom seminar will address these challenges and provide strategies for setting up projects in a recession-proof manner.
The live session will examine standard forms of JCT and NEC contracts, including key provisions and potential drafting amendments. Attendees will also learn about the wider impact of negotiated contracts on delivery effectiveness and future interests.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The construction and engineering industry contributes around 8% GDP and is therefore an important part of the economy, generating jobs, supply chains and legacy along the way.
In recent times, the wider economy has driven cost increases in projects due to inflation, fluctuations, currency, provisional sums costs and supply of materials and labour, which have all proven very challenging for all players from top to bottom.
This virtual classroom seminar will explore the key problems facing industry in setting up projects and attempting to recession-proof them.
It will explore the standard forms of JCT and NEC contracts and compare key provisions, and well as consider where drafting amendments could be used by contract parties. Finally, we will set some summary points for delegates to take away.
What You Will Learn
This live broadcast will cover the following:
- Backdrop and current status of the market
- Typical construction and engineering project contract set up
- Common challenges: inflation, fluctuations, currency, provisional sums, supply, costs, resources (human and non-human) and insolvency
- How do JCT and NEC standard forms deal with these issues?
- What amendments could be made?
- The wider impact of negotiated contracts: delivery effectiveness and future interests
- Summary of key takeaways
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...