Maximising Contract Payments in Construction Projects

COURSE CONTENT

DAY ONE -
MAXIMISING CONTRACTOR and SUBCONTRACTOR PAYMENTS

A.M.

08.30 Registration and Coffee
09.15 Lecture One
10.00 Lecture Two
11.00 Coffee
11.15 Lecture Three
12.00 Questions and Discussion
12.30 Lunch

P.M.

1.30 Lecture Four
2.15 Lecture Five
3.00 Tea
3.15 Lecture Six
4.00 Questions and Discussion
4.45 Close

MAXIMISING PAYMENTS
IMPROVING CASH FLOW AND THE BOTTOM LINE

The course concentrates on proven methods available to all contractors, subcontractors and suppliers for maximising their payment entitlements on construction projects. This will always result in an improved level of profit. Of equal importance to any business is the need for prompt payment. “Cash is King” and without prompt payment many businesses flounder. The course will deal with processes which for many organisations have proved to be successful for year after year.

COURSE CONTENT

· How do I maximise payment entitlements under the contract
· Is it possible to improve payment terms when negotiating the price
· What are the mechanisms for securing
· Mobilisation payments
· Early payment for design
· Payment for manufactured goods and materials stored off site

· Maximising stage payments or milestone payments
· There is no shortfall on monthly valuations and payment certificates
· Securing the best payment deal for variations, changes and dayworks
· Advice on how to achieve success with monetary claims for delay and disruption
· Entitlements to finance charges
· Rights for stopping work due to non payment
· Getting retention released early
· Restrictions on set off rights
· Avoiding pay when paid
· Damage limitation with respect to payment when insolvency occurs
· Interest at 8% over bank rate on all late payments

Back to Other Specialist Courses Home