Course Objectives
• Understand the key risks associated with major construction projects
• Identify and assess potential risks in construction contracts
• Develop strategies to mitigate and manage contract risks
• Learn best practices for negotiating and drafting risk-aware construction contracts
• Gain insights into dispute resolution mechanisms and their implications
Course Content
Introduction to Contract Risks in Construction
• Overview of major construction projects
• Common risks in construction contracts
• Impact of contract risks on project success
Risk Identification and Assessment
• Techniques for identifying contract risks
• Assessing the likelihood and impact of risks
• Prioritizing risks based on severity
Risk Mitigation Strategies
• Contractual risk allocation mechanisms
• Insurance and bonding
• Contingency planning and risk reserves
Contract Drafting and Negotiation
• Key contract clauses and their risk implications
• Negotiation strategies for risk allocation
• Balancing risk and reward in construction contracts
Dispute Resolution Mechanisms
• Types of disputes in construction projects
• Dispute resolution methods (e.g., mediation, arbitration, litigation)
• Implications of dispute resolution on project outcomes
Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
DATE:
1ST BATCH: 11th – 14th Feb, 2025
2ND BATCH: 17th – 20th June, 2025
3RDBATCH: 28th – 31st Oct, 2025
25, Queen street, Alagomeji Bus Stop, Yaba, Lagos