COURSE DESCRIPTION
Quantity Surveyors play an important role during the Post Contract stage of any project. The post contract period involves ensuring that all aspects relating to the construction are finalized and that the contractor has met all of their obligations. Which are,
Preparing sub contractor’s bills.
Valuating variations and extra work.
Preparing bills of quantities for contracts based on drawings and specifications.
Preparing interim payment statements.
This programme is designed for those who wish to obtain a thorough understanding of the sequences of the Post Contract phase. For others, to refresh their knowledge. On completion, the participant will be equipped with specialized knowledge and skills of the Post Contract phase with the ability to meet the demands of the industry and adapt to a constantly changing and competitive world where the norm is ‘value for money’ and ‘on time delivery’.
Course Content
- Payments: Interim Payment Application (Value of the works executed, Changes in legislation and changes in cost, Deduction/Release of Retention, Retention Bonds)
- Payments: Advance Payments (Advance Payment Guarantee, Advance Payment Certificate, Deduction of Advance Payment, Plant & Materials – On & Off Site)
- Payments: Interim Payment Certification (Checking & Issuing IPC, Holding Contractor’s Payment, Delay Payments)
- Payments: Statement at Completion (Final Account, Final Payment Certificate, Letter of Discharge)
- Variations: Identifying Variations
- Variations: Change Control Management
- Variations: Contractual Entitlement of the Variation
- Variations: Notifying Variation
- Variations: Checking Validity of Variations
- Variations: Value Engineering
- Variations: Provisional Sum
- Forecasting & Cost Reporting
- Contract Administration (Timelines and Delays, Insurance & Bonds/Securities, Priority of documents, Subcontracting (Liability on the main contractor), Suspension, Termination, Performance Bond, Defect Notification Period, Claims and Dispute Resolution Process (An orerview))
More Information: Post-Contract Management -Brochure