Course description

This comprehensive course delves into advanced quantity surveying practices, specifically focusing on payment procedures in construction projects managed under FIDIC and NEC contracts. The content covers essential principles, processes, and their practical application in real-world scenarios.

Key Features:

1. Understanding Payment Mechanisms:

   • Detailed explanation of interim payment applications, final accounts, and retention mechanisms.
   • Comparative analysis of payment terms in FIDIC and NEC contracts.

2. Contractual Clauses:

   • Insights into relevant clauses in FIDIC contracts (e.g., Clause 14 – Contract Price and Payment).
   • Analysis of NEC clauses such as Clause 50 (Assessment and Payment).

3. Practical Applications:

   • Techniques for preparing payment applications, including measurement, valuation, and certification.
   • Highlighting key contractual requirements to ensure compliance and timely payments.

4. Project-Based Case Studies:

   • Case Study 1: Preparing a payment application under a FIDIC Red Book contract for a building project. Includes identifying eligible variations, applying retention, and addressing delays in certification.
   • Case Laws: Real-world scenario involving disputed claims for delayed payments under FIDIC, demonstrating how to resolve issues using contract terms and adjudication.

5. Tools and Templates:

   • Sample payment application templates for FIDIC and NEC contracts.

This course equips quantity surveyors with advanced knowledge and practical tools to handle payment procedures effectively, ensuring alignment with contract terms and minimizing disputes in complex construction projects.

What will i learn?