An Intensive 5-day Training Course
Delay, Extension of Time
and Liquidated Damages
Liquidated Damages and Extensions of Time
in Construction Contracts
Scheduled Dates
Classroom
| 06 - 10 May 2024 | Paris - France | $5,950 | RESERVE A SEAT |
| 01 - 05 Jul 2024 | London - UK | $5,950 | RESERVE A SEAT |
| 14 - 18 Oct 2024 | Paris - France | $5,950 | RESERVE A SEAT |
| 23 - 27 Dec 2024 | London - UK | $5,950 | RESERVE A SEAT |
| 06 - 10 Jan 2025 | Dubai - UAE | $5,950 | RESERVE A SEAT |
Online
| 23 - 27 Dec 2024 | Online | $3,950 | RESERVE A SEAT |
Are the scheduled dates matching with your needs?
We provide a wider range of training options. Tailored and customized, we can deliver your organization’s training needs anytime, anywhere.
Why Choose this Training Course?
With the top main cause of dispute being “Parties failing to understand and/or comply with its contractual obligations”, it should be of interest to anyone involved in projects to fully understand the responsibilities, liabilities, and entitlements they have agreed to.
Delay, Extension of Time, and Liquidated Damages training course specifically addresses the management of delays and their effects on projects in the context of responsibilities, liabilities, and entitlements so that if, and when the time comes, you and your teams are much better informed to evaluate and assess their respective positions before deciding on what action to take.
This Delay, Extension of Time, and Liquidated Damages training course will highlight:
- Sources of Delay
- Contractual Terminology for Effective Claims Management
- Liquidated Damages
- Contractual Penalties and Termination
- Legal Construction of Liquidated Damages Clauses
- Application to Sub-Contracts
- Claims and Counterclaims
- Causation and Concurrency
- Delay Analysis
- FIDIC Conditions of Contract
What are the Goals?
At the end of this Delay, Extension of Time, and Liquidated Damages training course, you will learn to:
- Formulate liquidated damages contractual clauses
- Assist the contract management team to formulate an effective construction contract
- Analyze delay in construction contracts effectively
- Prepare a time-extension claim and counterclaim
- Understand time and damages related contractual terminology
- Learn to analyze delay and it’s sources
- Learn the causation and concurrency as they relate to claims
- Develop the skills and knowledge to prepare effective claims and counter-claims
Who is this Training Course for?
The delegates will gain a greater understanding through pre-assessment, live group instruction, use of real-world examples, case studies and exercises, interactive participation and discussion, power point presentation and flip charts, group activities and tests, slides and handouts, post-assessment.
How will this Training Course be Presented?
As a result of providing their teams with this Delay, Extension of Time, and Liquidated Damages training course, organizations will:
- Be able to formulate more effective construction contracts
- Reduce the risk of costs of claims and/or counterclaims
- Enhance the contract management teams’ skills and capabilities
- Standardize contractual formulation and terminology in the organization
- Be able to understand and evaluate sources of delay
- Enhance execution efficiency
Organisational Impact
As a result of attending this Delay, Extension of Time, and Liquidated Damages training course course, participants will be able:
- Enhance their understanding of contractual terminology
- Be able to better formulate schedule-related and liquidated damages contract clauses
- Learn to effectively prepare/understand a time-extension claim
- Learn to effectively prepare/understand a time-extension counterclaim
- Be able to effectively use standardized contracts
- Develop their skills as part of a construction contract management team
Personal Impact
This PetroKnowledge Delay, Extension of Time, and Liquidated Damages training course is suitable to a wide range of professionals, but will greatly benefit:
- Construction Executives
- Contract Managers
- Project Management Teams
- Project Schedulers, Planners, and Controllers
- Claims Managers and Staff
Daily Agenda
Day One: Introduction to Time and Damages in Contracts
- General Overview
- Legal Developments
- Contractual Developments
- Problems with Terminology
- Conditions and Warranties
- Termination
- Time for Performance
- Time of the Essence
Day Two: Liquidated Damages and Penalties
- Penalties – General Introduction
- Liquidated Damages
- Liquidated Damages and Penalties distinguished
- Pre-Estimates of Damage
- Particular Aspects of Penalty Clauses
- Evidential Matters
- Bonus Clauses
- Site Occupation Charges
Day Three: Recovery of Liquidated Damages
- When do liquidated damages become payable?
- Meaning of Completion
- Certificates and Conditions Precedent
- Methods of Recovery
- Time limits on Recovery
- Interest on Repayment
- Withholding Notices
- Decisions of Adjudicators
Day Four: Defenses / Challenges to Liquidated Damages
- Extension of Time Due
- Completion achieved earlier than certified
- Certificates not valid
- Conditions precedent not observed
- No date for commencement
- Prevention
- Penalties
- Provisions void for Uncertainty
Day Five: Extensions of Time
- Purposes of Extension Provisions
- Notices, Applications, and Assessments
- Time for granting Extensions
- Application to Claims
- Proof of Entitlement
- Global Claims
- The liability of Certifiers
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
In Association With
Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients
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Frequently Asked Questions
- To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
- You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
- Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
- Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
- Invoices will be sent via email/courier to the ID/name and address provided.
- The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
For corporate fees and group registration, please send your query to [email protected].
