Course Schedules

Classroom 7 Sessions
Online / Live
Live

No dates scheduled

Introduction

This Master Class in Project Delay Management and Claim Assessment will provide you with a comprehensive understanding of time-related insurance policies, including the processes for triggering and managing claims. The course covers common project delay issues, explores various incident scenarios, and examines how policy coverage applies to these delays. An expert facilitator with decades of experience will guide you through interactive learning techniques, including case studies and engaging discussions to enrich your learning experience.

What are the Goals?

By the end of this Anderson 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

How will this Training Course be Presented?

This Anderson training workshop will utilize a variety of proven adult-learning techniques to ensure maximum understanding, comprehension and retention of the information presented during the five days.

The facilitator employs active - learning techniques, group discussion and quiz(s) to enhance the training session. The delegates will also be provided a few challenging case studies with actual project delay scenarios – and the facilitator will guide them through achieving appropriate and effective solutions. A proper understanding of the coverage provided under the Advanced Loss of Profit (A.L.O.P) wording is essential to appreciate this subject.

Meanwhile delegates are also urged to raise their own experiences in dealing with projects and site work delays to the class for further review and group discussion. The sharing and class discussion will make this an interesting learning procedure.

Course Content

Day 1

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 2

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 3

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 4

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 5

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

Recognition
  • Anderson Certificate of Completion for delegates who attend and complete the training course
  • The applicable PMI Professional Development Units/Contact Hours will be reflected in the Certificate of Completion

Accreditation

PMI Approved Training Courses

Anderson is an official PMI Authorized Training Partner (ATP). All applicable project management courses are pre-approved by the Project Management Institute, allowing participants to earn the necessary PDUs and Contact Hours for certification and recertification.

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