Project Delay Management and Claim Assessment Master Class
Select Other "city & date"
Project Delay Management and Claim Assessment Master Class Course
Introduction:
No matter how well-planned your project schedule may be, there is always the possibility of 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.
Course Objectives:
By the end of this Project 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 the type of projects that require such coverage
- Apply some of the concepts relating to project delays and how they affect the contract arrangements
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
Course Outlines:
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 – about delays
Application of the Policy and its Typical Coverage
- How the CAR policy is arranged?
- Relevant Coverage
- Discussion on Period of Cover and handover issues
- General Exclusions – Are War related losses covered?
- Policy Conditions – Taking reasonable precautions
- What if there are two policies arranged for the same site?
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?
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
Handling Project Risks, Delays & Claims Management
- What are Underwriters Concerns?
- Risk Management and How It Works
- Claims Management and Project Monitoring
- How to over overcome project delays?
- The use of Performance Bonds
- Case Studies relating to delays and A.L.O.P cover
