Indian Construction Project Management Fundamentals

This course provides a comprehensive overview of the principles and practices of construction project management specifically for Indian market. Students will explore the entire lifecycle of construction projects, from initial tendering & proposals stage through planning to final completion & post construction processes. Key areas of focus include Earned Value Management, Contracts, Tendering, Job Cost Reports, Dispute Management, Claims Settlement, etc. The course emphasizes the development of skills necessary to manage projects and navigate the understanding of construction contracts and tenders.

Students will gain the practical experience that the instructor holds with industry-standard project management discussions, and will engage in real-world scenarios to apply their knowledge. By the end of the course, students will be equipped with the expertise to manage construction projects successfully.

Course Outline :

• What is Tender, Types of Tender, & Difference between a Contract and Tender

• Learn About the Pre Bid Meeting in Construction

• Tender Summary / Tender at Glance - Explained !

• Understanding the Notice Inviting Tender (NIT) with Example

• Earnest Money Deposit (EMD) in Construction

• What is Pre-Qualification Criteria for Contractors ?

• Everything About the Retention Money & Security Deposit

• Details About the Defect Liability (DLP) Period in Construction Projects

• What is a Bank Guarantee ? Explained !

• What is Mobilization Advance in Construction ?

• Everything About the Performance Bank Guarantee (PBG)

• Understanding the Various Types of Contracts in Construction Industry

• Extension of Time (EOT) & Liquidated Damages (LD) in Construction

• Escalation in Contracts - Theory & Example of AIIMS Mumbai Project

• Full Process of Contracts & Tendering - Flow Chart

• Earned Value Management (EVM) - Theory & All Terminologies Explained

• EVM Practical Example #1 - Numerical on Residential Flat Construction

• EVM Practical Example #2 - Numerical on Hospital Construction

• Management of Subcontractors - Definition & Types with Examples

• Learning About Work Order (WO), Purchase Order (PO), & Service Order (SO)

• Job Cost Report (JCR) - Labor, Material, Plant & Machinery, Overheads

• Types of Schedules in Construction

• Construction Finance #1 - Working Capital, Unadjusted Advances, and Outstanding

• Construction Finance #2 - Cash Flow Calculation

• Discovering all About the Claims, Variation Orders in Construction Practically

• Disputes, Types of Disputes & their Resolution Methods

• Quiz

And, you are ready to take over the management roles in construction projects !!! All the best !!!