Revenue Forecasting & Analysis (RFAx)

Why
Choose this Training Course?
This
is an interactive training course where the delegates will be taught about the technical aspects of the
construction insurance coverage and also how claims are handled. Examples of site incidents that will be
explored include landslide, collapse, fire, water damage, theft, explosion and flooding. This York
Britishtraining course relates mainly to construction projects and can also be applicable to infrastructure,
building and other development risks.  Focus will be given to the main insurance document i.e.
the Contraction
All Risks (C.A.R) and Erection All Risk (E.A.R) policy
jackets. Besides the jackets, the policy schedule and proposal form will also be “dissected” in class to enable
better understanding of this insurance product.
Active
learning techniques using modern adult learning methods will be utilized to share this interesting subject
issues over the five days. Group activities, role play, quizzes and discussion sessions will be held to help
delegates grasp the appropriate risk and insurance points better. Case studies will also be brought in to ensure
that the learning is effective and equally enjoyable.
This
training course will feature:


Selected
C.A.R policy wording – from a few regions and comparison with the Munich
Re of
Germany standard format


Focus
on specific clauses and endorsements of the C.A.R policy


The
different risk appetite and concerns of the Underwriter


How
are claims looked at, handled and managed by Insurance companies


Best
practice to obtain a more effective coverage from the C.A.R policy


What
are the Goals?
By
the end of this training course, participants will be able to:


Learn
the basic principles of insurance


Appreciate
how the C.A.R policy is used as a risk transfer mechanism


Apply
the policy operative clause and endorsements to various risks scenarios


Analyze
how the policy responds to construction insurance claims


Understand
policy terms like Sum Insured, Limit of Liability and Period of Cover in regard to policy
drafting


Who
is this Training Course for?
The
five-day training course will benefit delegates who are dealing with Construction Insurance technical aspects.
This can be as a consumer or involved in underwriting, claims and marketing of this insurance product. It will
be pitched at an Intermediate level and various practical aspects of this technical insurance product will be
addressed.
This
York Britishtraining course is suitable to a wide range of professionals but will greatly benefit the following
industry personnel:


Senior
Executives and Managers from Insurance companies, Insurance brokers, Reinsurance companies, Reinsurance
brokers, Loss adjusters and insurance agents


Engineers,
Quantity Surveyors, Building Surveyors, Architects, Consultants and Finance & Legal team members
from the following firms: Contractors, Builders, Sub - Contractors, Developers, Suppliers and Utility
companies


Lawyers,
Para-legals and Managers/ Senior Executives from: Legal firms, solicitors, Government agencies and
authorities/ local council/ municipality


How
will this Training Course be Presented?
This
training course will utilize a variety of proven adult-learning techniques to ensure maximum understanding,
comprehension and retention of the information presented. This includes active-learning techniques, group
discussion and role play. The delegates will also be given a few interesting case studies with actual site
scenarios – and the experienced facilitator will guide them through achieving appropriate technical and
effective solutions.

We
also encourage delegates to bring along their own work-related engineering insurance experience to the class for
further review and discussion. The facilitator has successfully triggered good resolution for such technical
enquiries in previous training sessions.The Course Content
Day One: Introduction to Contract Management
What is Effective Contract Management and why do we need it?
The causes and effects of contract failure
Analysis of the Contract requirements
Defining the Job to be done – specifications and the scope of work
Key Players in Contract Management


Day Two: Managing Contract Risks
Identifying risks affecting time, cost and quality
Responses to risk
Contract Types and how they manage risk
Important contract clauses about risk
Using Bonds and guarantees
Contract templates: FIDIC, NEC and other standard models


Day Three: Establishing the Framework for Contract Performance
Building a relationship for supplier performance
Motivational techniques – carrots and sticks
Contractor warranties
Monitoring service performance
Service Level Agreements
Tools and techniques for contract default


Day Four: Best Practices around Price and Cost issues
Setting the supplier’s agenda on costs and prices
Cost and Price analysis methods
Using economic price adjustment techniques
Price transparency and cost breakdowns
Managing the financial impact of contract variation
Negotiation techniques for improving value for money


Day Five: Contract Management and Administration
Handling contractor claims
Operating the liquidated damages clause
Preventing or resolving disputes
Handling defect liability and retention sums
Contract administration tasks from award to close out
Contract termination and handover