By the end of this Project Delay Management and Claim Assessment Master Class 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

Project Delay Management and Claim Assessment Master Class training course, is ideal for:

• Project Engineers
• Project Managers
• Quantity Surveyors
• Consultants
• Building Surveyors
• Financial / Banking officials and representatives of Government agencies and utility companies

Day 1

An Overview &  Project Delays

• Managing Projects and Stakeholders
• The Need for Insurance in  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  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 cove

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration