An Overview of Contractors Delay and Disruption Costs (Part 2) Prolongation Costs and Loss and Expen
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The aim of this course is to look at the additional cost that might be due from delays or disruptive events with cross referencing to JCT, NEC and FIDIC. This course explores prolongation costs are addressed and the claims procedure under the common forms.
After studying this course, you should be able to:-
1. List prolongation costs and disruption costs, and explain the way that they are addressed in standard forms and state why any contractual claim made must be based upon some specific provision of the contract in question.
2. Define the claims procedures relevant to the following contracts; JCT SBC, NEC ECC form, FIDIC 1999 Red Book.
3. Outline the principles of quantification of claims, nature of loss and/or expense in JCT SBC and immediate costs and prolongation costs.