Project Delay Management and Claim Assessment Master Class
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Project Delay Management and Claim Assessment Master Class Course
Introduction:
Regardless of how well a project schedule is planned, delays are always a possibility. These delays can stem from various factors, some positive, some negative, and some even potentially beneficial. The key lies not in avoiding delays altogether (as they are inevitable), but rather in effectively managing them when they do occur.
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 type of projects that require such coverage
- Apply some of the concepts relating to project delays and how it affects 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 – in relation to delays
Application of the Policy and its Typical Coverage
- How the CAR policy is arranged?
- Relevant Coverage
- Discussion on Period of Cover and hand over issues
- General Exclusions – Is 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 come project delays?
- The use of Performance Bonds
- Case Studies relating to delays and A.L.O.P cover