PART I : When Completed, What Next?
When a construction project reaches completion, it marks a milestone in terms of risk transfer,payment issues and damages liability. What constitutes completion is significant and different contracts describe it in a variety of ways with expressions such as ‘practical completion’, ‘completion’ and ‘taking over’ to connote completion. The first part of the seminar discusses the key watchpoints that the Employer and the Contract Administrator should be aware of when the works are said to be completed under the PAM Contract Form, JKR Form and the FIDIC Conditions of Contract.
PART II : Claims – Key Issues for the Practitioner ‘Claims’
A word which means different things to different people and can cause strained relations,endless exchanges of correspondence and considerable resources. Claims are simple to originate but not always easy to substantiate. What are the records a Contractor should be expected to keep for satisfactory demonstration of his entitlement? What are the potential heads of claim to be considered? The second part examines these key issues within the contractual environment, the supporting documents necessary for evidential purposes and how claims should be ascertained to ensure the Employer pays no more in time and cost, and the Contractor recovers no less.
PART III : GST Essentials Revisited
The Goods and Services Tax (GST) came into effect on 1 April 2015. For the construction industry, its unusual payment system and development process attract a unique set of requirements for GST reporting and accounting. There are also transitional matters to be considered especially for projects straddling the GST implementation date. This final part discusses the basic concepts of GST from the practice perspective and the attendant effects on issues such as progress payments, retention fund, final accounts, tender deposits and liquidated damages. It will also include an overview of the practice guidelines and approach for segregation of construction costs in respect of mixed developments where only the input tax for the taxable supply (or non-residential) component can be fully recoverable.
9.00am - 9.30am Registration
9.30am - 10.45am PART I: When Completed, What Next?
PART II: Claims - Key issues for the Practitioner
10.45am - 11.00am Break & refreshment
11.00am - 12.15pm PART III: GST Essentials Revisited
12.15am - 12.30am Q&A session
12.30pm End of program