PALS Refresher: Contract Administration - Finance and Time

PALS Refresher: Contract Administration - Finance and Time

PALS Refresher: Contract Administration - Finance

Available On Demand

Overview

This module provides an outline and understanding of the principles of lump sum contracts with regard to financial aspects, how to manage changes to the works and the contract price, how to make payment for the works and keeping the client informed of costs during construction.

 

CPD

This presentation is equivalent to 1 hour/point of formal CPD and will deliver outcomes related to the following Competency/s from the National Standard of Competency for Architects:

    Project Delivery: Construction Stage

    8.5 Identification and application of all relevant processes required for certification of monetary claims, project variations, extensions of time, project variations, extensions of time, project instructions or other administrative responsibilities under the contract provisions.

     

Learning Outcomes

At the end of this presentation you should be able to:

  1. Demonstrate the upfront establishment of a building contract and the main components therein
  2. Outline the principles found in lump sum building contracts that relate to provisions for payments and contract price adjustments
  3. Demonstrate techniques and procedures associated with administering these provisions
  4. Understand some financial aspects related to contract administration
  5. Describe what happens after project completion
 

Speaker

Ted Quinton

Principal, Ted Quinton Architecture

Ted is a registered architect in private practice for 20 years, mainly in residential architecture including private houses and medium density projects. He has been involved in teaching at UNSW in design for several years and more recently in professional practice.

 
 

References

Contract administration
https://acumen.architecture.com.au/project/core-architectural-services/contract-administration/

Progress payments
https://acumen.architecture.com.au/project/core-architectural-services/contract-administration/progress-payments/

PALS Refresher: Contract Administration -Time

Available On Demand

Overview

There are three fundamental aspects of a building project: the quality of the work, the cost of the work, and time. This module deals with the last of these three aspects.

 

CPD

This presentation is equivalent to 1 hour/point of formal CPD and will deliver outcomes related to the following Competency/s from the National Standard of Competency for Architects:

    Design: Project Briefing

    8.5 Identification and application of all relevant processes required for certification of monetary claims, project variations, extensions of time, project instructions or other administrative responsibilities under the contract provisions

     

Learning Outcomes

At the end of this presentation you should be able to:

  1. Understand the principles and detail of time provisions in lump sum contracts
  2. Demonstrate techniques and procedures associated with the administration of such provisions
 

Speaker

Ashleigh Vumbaca

Senior Associate, Bradbury Legal

Ashleigh has advised principals, contractors and subcontractors on their contractual and statutory rights across Australia. Ashleigh has developed significant experience providing contract administration and pre-dispute assistance to clients, as well as advising and representing clients strategically, procedurally and on the merits in all forms of dispute resolution. Ashleigh is currently completing her Master of Laws at the University of New South Wales. Her studies have focused on her interests in construction law and forms of alternative dispute resolution, particularly negotiation, dispute boards and international mediation.

 

References

Managing time during construction
https://acumen.architecture.com.au/project/project-control/project-time-management/managing-time-during-construction/

Extensions of time
https://acumen.architecture.com.au/project/core-architectural-services/contract-administration/extensions-of-time/

 

Price

Member: $49
Non-Member: $74
Student: $19

 
  

What Do I Do Next?

1. You will receive an automated registration email upon purchase. Follow the link in this email to take you to the course material on our online CPD platform.
2. You may have to click the green "log in via members site"  button to log into the online CPD platform. (Please do not input your credentials into the CPD site. Instead, to log in hit the “log in via members site” green button). You may be redirected to our members portal to log in with your credentials there.
3. Accept the T&Cs if it is your first time on the online platform, and hit “my dashboard” to find your purchased course.
4. Undertake your course at your own pace.
5. Once you have completed all the course material, you will be prompted to complete your assessment and feedback, after which your formal CPD certificate will be made available.