2nd ANNUAL CONSTRUCTION CLAIMS & DISPUTE MANAGEMENT SUMMIT 2019
India is set to become the third largest construction market globally by 2022, with a requirement of investment worth INR 50 trillion (USD 777.73 bn) to have sustainable development in the country.
Similarly, the construction industry in India is feeble and suffering through failure of resolution of disputes expeditiously and effectively by the parties. The recovery of the construction industry is critical for maintaining the current rate of growth and economic activity. The average duration for settlement of disputes is more than 7 years in India.
The total amount of investment that is currently tied up in disputes is approximately INR 75,000 crores. The major issue is pendency of construction disputes, which is about 68% of the total claims against government entities and public-sector units are pending in arbitration and 13% are pending with the government entities.
Followed by the huge success of our last edition, the 2nd Annual Construction Claims & Dispute Management Summit captures the need to recognize the significance of understanding legal and contractual framework applicable in India and how the dispute resolution mechanism will work whenever a claim or dispute is to be settled. Domestic & international trends discussed by stakeholders like employers, contract managers, consultants and legal working with various contract models.
The focus of the summit is to build an approach towards minimizing the impact, intensity and occurrence of claims and implementing techniques and best practices for effective dispute resolution.
KEY TOPICS OF DISCUSSION
- Relevance of FIDIC model to the Indian construction industry contracts post NITI AAYOG's guidelines
- Judicial Arbitrator versus Technical Arbitrator
- Documentation and substantiation of EOT - Submission, evaluation & resolution of EOT
- Changes in scope of work, variation, addition and deletion of work under the contract - assessment, outcomes and impact
- Effective strategies to overcome legal and contractual cross borders challenges
- Discussion on insolvency and bankruptcy code - Developing effective measures for safeguarding owners, vendors and sub-contractors
- Considering Alternative Dispute Resolution (ADR) as an effective alternative out-of-court mechanism of settling disputes
- Challenging of awards and realization under a construction contract
WHY SHOULD YOU ATTEND?
- Get acquainted with some of the emerging practices in the claims management and dispute resolution methods
- Get to learn from experiences of industry experts
- Gain insights from industry case studies
- Get to network with senior industry professionals from claims and dispute resolution functions and major players of the construction industry
WHO WILL YOU MEET?
- Functional heads of:
- Legal & Compliance
- Claims Management