Valuing Variations

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Overview

Valuing variations is one of the biggest challenges contractors and the engineer to the contract face.  

Almost all construction and civil engineering contracts will vary from the original design and scope.  

But how do you ensure that the valuation of the variation is fair and equitable to both the principal and the contractor?

This is a practical course, based on the provisions in NZS3910.

 
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Length

1 day course.

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Facilitator

Fiona Knight and Dave Hooker

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Cost

$795 + GST 

(minimum numbers apply before a course is confirmed)

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Topics include

  • Refresher of the provisions in Section 9 of NZS3910
  • Understanding what constitutes a Variation
  • Defining the role of the Engineer and the Contractor and their part in a Variation and its Valuation 
  • Refining the principles behind how to Value a Variation as seen by the Engineer and the Contractor
  • Practical case studies across the range of construction and civil engineering sectors
  • Understanding the reasons for a comprehensive tender process as a basis for Valuing Variations
  • Consequences of Variations on the overall  Contract Works
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On completion of this course participants will

  • Prepare a proposed value of a variation
  • Analyse the issues that lead to a variation
  • Understand the different perspectives of the various parties to the contract 
  • Apply the provisions of NZS3910 in valuing variations
  • Recognise that the Negotiation and Valuing of a Variation in a positive atmosphere whilst considering  the positions of all parties to the contract, is an essential part of Contract Management
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Who should attend

Any-one who is involved in valuing variations under NZS3910, specifically contractors and the "engineer" to the contract.  Participants are expected to know and already understand the provisions of NZS3910.

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