IChemE Target Cost Contracts (Burgundy Book)

This one day course provides an overview of the I Chem E (Burgundy Book) conditions of contract highlighting key areas of importance for those responsible for administering and supervising work executed under this standard form.

Aims

To enable selected delegates obtain a working knowledge of the I Chem E Target Cost Contract conditions.

To enable delegates to:-

• Know the documentation available for process plant contracts

• Deal with discrepancies and ambiguities in documents

• Understand the principal role and duties of the Purchaser and his agents

• Understand the principal role and duties of the Contractor and his agents

• Appreciate how the time related provisions of the conditions operate

• Appreciate how the value related provisions of the conditions operate
  

Session 1 I Chem E Contract Documentation

Available documentation; contract Documents; mistakes and conflict in documentation; definitions.

Session 2 The Purchaser and his agents

The role of the Purchaser and his Agents; powers and duties.

Session 3 The Contractor and his Agents

A Contractor's powers and duties; contract manager and staff.

Session 4 Sundry Issues

Subcontracting; Insurance; Administration

Session 5 Time for the Works

Possession of the site; time for the work; approved programme; delays; delay damages; completion of construction; taking over; suspension.

Session 6 Payment for the Works

Setting the target; adjusting the target; payment; allowable and disallowable costs; certifying amounts payable; claims

Session 7 Dispute Resolution

Options available for dispute resolution

Notes:

Delegates will be expected to:

• have a basic knowledge of contract conditions for construction contracts

• bring with them copies of the I Chem E Target Cost Contract Conditions (Burgundy Book)
  

This Course is suitable for those responsible for procuring and/or administering process plant contracts under the I Chem E Target Cost Contract conditions.