Delay, Extension of Time and Liquidated Damages

Introduction

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 GLOMACS 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

Objectives

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

Training Methodology

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.

Organisational Impact

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

Personal 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