Legal and Contractual Principles in Evaluating Extension of Time (EOT) and Associated Cost Claims

Details

This course delves into the legal and contractual dimensions of EOT and related cost claims, often critical issues in project management. Participants will learn about the relevant laws, contract terms, evaluation processes, dispute resolution mechanisms, and effective management of EOT and cost claims. The course will use real-world examples and interactive exercises to provide a practical understanding.

Target Group

This course is tailored for contract managers, project managers, legal advisors, and other professionals involved in managing project contracts, particularly in the construction and engineering sectors.

Target Group: Professionals who regularly handle project contracts and would like to deepen their understanding of legal and contractual principles related to EOT and associated cost claims will benefit from this course.

Goals

• Understand the fundamental legal and contractual principles related to EOT and cost claims.
• Develop skills for evaluating and managing EOT and associated cost claims.
• Gain insights into dispute resolution mechanisms for EOT and cost claims.
• Learn about preventive measures and effective strategies to handle EOT and cost claims.
• Understand the impact of EOT and cost claims on project timelines and budgets.

Outlines

Understanding EOT and Cost Claims:

• Defining EOT and cost claims in contract management.
• Understanding the legal and contractual aspects of EOT and cost claims.
• Learning about common causes and effects of EOT and cost claims.
• Analyzing real-life examples of EOT and cost claims.
• Discussing common issues and dilemmas related to EOT and cost claims.

Evaluating EOT and Cost Claims:

• Learning about the process and criteria for evaluating EOT and cost claims.
• Understanding the roles and responsibilities of different parties in this process.
• Hands-on exercises on evaluating various EOT and cost claim scenarios.
• Analyzing real-world cases of EOT and cost claim evaluation.
• Discussing challenges and strategies in EOT and cost claim evaluation.