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Mastering Commercial Management and Dispute Resolution in Construction with Suzannah Newboult of DLA Piper
Manage episode 418481743 series 3571475
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Unlock the secrets of dealing with commercial management in the construction industry with Suzannah Newboult, partner at DLA Piper.
Suzannah is a seasoned legal expert with a decade of expertise in the Middle East.
She talks to us about about contract administration, from valuing work and managing supply chains to mastering cost control and contract law. Our candid discussion sheds light on the perils of late payments, poor cashflow, while offering solutions through education, legislative reforms, and financial instruments such as project bank accounts - all aimed at keeping your projects sufficiently funded and on schedule.
Dive into a deep analysis of procurement methods and their direct correlation to construction disputes. Suzannah dissects the nuances of lump sum versus remeasurement and cost-reimbursable contracts, unraveling their effects on projects. We also venture into alternative procurement strategies, such as TargetSum and alliance contracting, a shared risk and success model.
We address the aspect of risk allocation in contract management, underscoring the necessity for risks to be identified, priced, and managed by those most capable.
As we examine the burgeoning role of claims consultants in the UAE and across the Middle East, we debate their influence on facilitating amicable resolutions.
The episode culminates in a call to embrace innovative contract terms with pioneering dispute resolution mechanisms, navigating the ever-evolving landscape of commercial management in construction — all the while ensuring the project's progress and eventual financial outcomes are successful.
Chapters
1. Navigating Commercial Management in Construction (00:00:07)
2. Procurement Methods and Construction Disputes (00:16:30)
3. Managing Construction Disputes and Claims (00:23:25)
4. Risk Allocation in Contract Management (00:35:54)
8 episodes
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