RCM 07 - Contract Price & Payment
We will explore the key aspects of payments in respect to Contract Prices in construction contracts.
Module Introduction
Instructor Biographies
Glossary
Introduction
Concepts of Costs & Profit
Pricing Models
Advantages & Disadvantages of Pricing Models
Use of Other & Hybrid Pricing Models
Test Your Knowledge
Conclusion
Introduction
Accepted Contract Amount vs. Contract Price
Uses of the Terms 'Accepted Contract Amount' & 'Contract Price'
What Is Covered by the Contract Price?
Test Your Knowledge
Conclusion
Introduction
Adjustments Due to Changes to the Scope of Works
Adjustments Due to Risk Events Materialising
Currencies, Commodities & Indexation
Commodity Example
Contractual Split of Risk for Commodity Risk
Mitigating the Risk of Cost & Currency Exchange Rate Fluctuations
Test Your Knowledge
Conclusion
Introduction
The Employer’s Payment Obligation & Ability
Payment Methods
Test Your Knowledge
Conclusion
Introduction
Advance Payments
Interim Payment Regime
Interim Payment Regime: Application
Interim Payment Regime: Review & Certification
Interim Payment Regime: Payment
Toolbox Examples & Other Considerations
Stakeholders & Governance in the Payment Process
Test Your Knowledge
Conclusion