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A highly interactive training course on

Project Delay Management and Claim Assessment Master Class

Understanding Project Delays and Applying Best Techniques to Recoup Losses
Coventry Academy - Project Delay Management and Claim Assessment Master Class
5
Days

Course Schedules

 Amsterdam
 14-18 Apr 2025
 $5,950
 Dubai
 04-08 Aug 2025
 $5,950
 Dubai
 08-12 Dec 2025
 $5,950

Training course overview

This Master Class will delve into the intricacies of time-related insurance policies, focusing on how coverage is determined and claims are activated. It will comprehensively address common policy issues concerning project delays, exploring the underlying reasons behind such delays. Participants will gain insights into various incident scenarios, with practical examples illustrating the application of policy coverage.

Led by an experienced Facilitator with decades of expertise in this field, the session will employ adult learning methodologies, emphasizing interactive formats to convey course material effectively. Case studies and in-depth discussions will be integral components, aimed at fostering a robust understanding of the subject matter and enhancing the learning experience for all participants.

What are the goals?

By the end of this Coventry Academy 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 is this training course for?

The training course is primarily designed to cater for project personnel and construction industry technical staff but not limited to Project Engineers, Project Managers, Quantity Surveyors, Consultants, Building Surveyors, Financial / Banking officials and representatives of Government agencies and utility companies.

Course Outline

Day One: An Overview & Construction Project Delays
  • Managing Projects and Stakeholders
  • The Need for Insurance in Construction 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
Day Two: Application of the Construction 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?
Day Three: 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?
Day Four: 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
Day Five: 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

The certificate

  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Coventry Academy
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