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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
Project Delay Management and Claim Assessment Master Class
5
Days

Course Schedules

 Dubai
 11-15 Dec 2023
 $5,950
 Amsterdam
 15-19 Apr 2024
 $5,950
 Dubai
 05-09 Aug 2024
 $5,950
 Dubai
 09-13 Dec 2024
 $5,950

Training course overview

This Master Class will enlighten coverage afforded by such time-related insurance policies and how claims are triggered. Common policy issues relating to delays in projects and reasons for the delays will be addressed. Various types of incident scenarios will be shared, and application of the policy cover will also be considered.

The session will be handled by an experienced Facilitator who is very familiar with this subject matter. He has decades of this subject handling experience. He will use adult learning methods incorporating inter-active formats to share his course material. Case studies and in-depth discussion dialogues will be used to enhance the learning process.

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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