Training Resources for:
Measurement and Valuation of Construction Contracts
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Measurement and Valuation of Construction Contracts A one day interactive course analysing the means by which work is measured and valued on JCT 2005 contracts
Learning outcomes:
This course will help delegates to acquire the basis skills for measuring and valuing work carried out under building contracts using the JCT2005 Standard Building Contract
Aims and Objectives
To enable delegates to:
Be aware of the status of the Contract Bills or other pricing document
Know the methods of measurement available for measuring construction work, their role within the contract and relationship with other documents
Appreciate the difference between lump sum, re-measurement , target and cost plus contracts and how they vary the allocation of financial risks
Apply the rules and procedures of the contract for dealing with errors and ambiguities
Understand the procedures applying to interim and final, certificates and payments
Recognise what constitutes a Variation on a contract and how they are to be valued valuations
Deal with claims for loss and/or expense
Course outline:
Session 1 - JCT Contracts
JCT contract conditions for lump sum, re-measurement, cost-reimbursable, etc. contracts
Session 2 - Activity Schedules
The role and purpose of activity schedules; their preparation and application
Session 3 - Contract Bills
An analysis of the contractual status of Contract Bills; methods of measurement; correcting errors; SMM7 video presentation
Session 4 - Interim Payments
Examining the payment process under JCT contracts; entitlements; timescales; retention
Session 5 - Advanced Payments
Advanced payment provisions; advanced payment bonds
Session 6 - Valuing Variations
Examining the conditions of contract in relation to valuing Variations
Session 7 - Claims
Addressing loss and/or expense; procedures; entitlements; the relationship with extension of time provisions
Session 8 - Final Accounts
Final account procedures, timescales; entitlements; method of computation
A Classroom course provided by Symmons Madge Associates Ltd. in Belfast, Birmingham, Bristol, Cardiff, Dublin, Exeter, Glasgow, Slough, United Kingdom
Pages:- 1
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