NEWS CONTENT

Managing Commercial Risk on the Kuala Lumpur MRT Project

June 05, 2014

Systech International has held a seminar for contractors working on the Kuala Lumpur MRT project that explained the obligations and risks of working on international projects and gave advice on how they can be managed. The seminar was held at the Royale Chulan Damansara Hotel in Selangor and was presented by Stephen Rayment, Group Managing Director, and Kevin Timmons, Regional Director for South East Asia.

A cross section of project directors, operations directors, senior commercial managers and in-house lawyers from contractors working on the project heard Stephen and Kevin address specific contract management issues such as: -

- Preparing and agreeing a robust baseline programme

- Notices and record keeping

- Extension of time entitlements

- Loss and expense claims

- Acceleration agreements

- Recovering variation entitlements

- Construction Industry Payment and Adjudication Acts

- Negotiating Supplementary Agreements

Please contact Kevin at kevin.timmons@systech-int.com to find out more about the services that Systech offer, including our innovative visualisations and apps, and how we can help you on your project. Kevin will also be able to advise you on our future events and training programmes.