Construction Risk Management. Conference India. August 2010

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Novotel Mumbai Juhu Beach, India 12th & 13th August 2010 conferences Construction Risk Management Creating a holistic approach in mitigating construction risk while assessing, identifying and monitoring project planning for effective results Infrastructure is an integral part of a country’s economy. Despite the high growth potential, construction in India is subjected to potential problems that could arise when new projects occur within a business. An integrated approach in mitigating risk coupled with a dynamic risk management strategy will further enhance the growth of this sector. Your eminent panel of speakers: R Sateesh Kumar Operations Director – India (MRICS) Padgham Sweett Padgham was awarded the Best Practice Awards by AIQS Winner in the category of construction by department of primary industries Vijender Sharma Senior Advisor Fraport Airport Operations India Private Limited Fraport was awarded the "Best Practice Award 2009" for best innovations in the travel industry Senior Representative National Highways Authority of India (NHAI) National Highway Authority of India (NHAI) will award 50 projects in 2010-11 to sustain the economic growth Ashish N. Chandak Executive Director – Infrastructure Banking, Corporate Finance Yes Bank Limited As a key member of the Risk Management Group, Ashish have conducted financial appraisal and assessed credit risk of several projects in transport, urban infrastructure, energy and telecommunications Ramendra Shukla General Manager PLUS BKSP Toll Limited PLUS Expressways Berhad (PEB) is the biggest highway concessionaries or Build-Operate-Transfer (BOT) operator company in Malaysia Sunil B.Shinde Senior Vice President – Projects Tata Realty and Infrastructure Limited Through its subsidiary Navinya Buildcon and partner Atlantia S.P.A, TRIL has been awarded the 4-laning of Pune-Solapur Highway by the National Highways Authority of India (NHAI) Subir Hazra Head Strategic Planning Delhi International Airport Limited - GMR Group The Indira Gandhi International Airport has been chosen as the “Best Improved Airport” in the Asia-Pacific Region in February 2010 Raghvendra Bisen Head of the Department (DGM) - Project Planning, Costing and Monitoring Peninsula Land Limited Peninsula Land Limited is known for its concept based architectures in the commercial, retail and residential sectors Kamal Kumar Verma Regional Director CEC Taiwan (Continental Engineering Corporation) CEC has been responsible for some of the prestigious projects like Taiwan High Speed Rail Corporation, MRT (Metro Rapid Transit) for Taipei City besides many Tunnels, Expressways and Bridge Projects Mohan Abichandani Head Infrastructure Business – Construction Reliance Communication Limited Mohan has extensive experience of 34 yrs in putting up mega projects in telecommunication and infrastructure sectors Jidesh Kumar Managing Partner King, Stubb & Kasiva King Stubb & Kasiva has diverse infrastructure projects practice representing the length and breadth of the industry Unmesh Kulkarni Head Contracts Tata Realty and Infrastructure Limited A V Singh President & Practice Leader – Infrastructure, Energy & Reinsurance Willis India Insurance Brokers Private Limited Peter Vincent Cheney B.Sc. (Eng. Civ.) M.Eng. (Construction) Managing Director Construction Computer Software Private Limited Ian Hauptfleisch General Manager Construction Computer Software (Gulf) L.L.C "There are risks and costs to a programme of action but they are far less than the long range risks and costs of comfortable inaction." Key benefits of attending this event: Improving project performance in terms of cost, schedule and market viability Mitigating risks associated with the changing commercial balance caused by high demand of resources Employing the concept of value engineering to ensure higher quality and lower end cost Distinguishing between different modes of procurement, contracts and the pitfalls involved Minimising risk from feasibility studies to completion through the entire project life cycle Integrating risk management with other project management functions Monitoring residual risks and identifying new risks as they emerge during the life cycle of a project Creating a credible and pragmatic risk assessment in financing construction projects Focusing on insurance and risk management needs in construction projects Identifying risks associated with stakeholders in mega projects Executing project planning while selecting resources required for specific risk mitigation John. F. Kennedy *Early Bird & Group Discounts Ask about our savings Featuring a half-day workshop on: Designing an effective risk planning and risk identification process to determine a successful project Workshop facilitator: Biren Parekh Partner Ernst & Young Private Limited Featuring exclusive international presentation by: Georg Venhorst Project Director Leighton Contractors Private Limited Australia Georg has 19 years of experience in the construction industry and managed major infrastructure projects specifically on large bridge, tunnel projects and logistics. Leighton contractors was awarded the Australian Construction Achievement Award-2008 for North-West T-Way, NSW New Metro Rail City Project, WA (Leighton Kumagai Joint Venture) Your distinguished chairperson: Dr Nishant Kumar Shrivastava Assistant Vice President IL & FS Transportation Networks (ITNL)

Transcript of Construction Risk Management. Conference India. August 2010

Page 1: Construction Risk Management. Conference India. August 2010

Novotel Mumbai Juhu Beach, India

12th & 13th August 2010

conferences

Construction Risk Management Creating a holistic approach in mitigating construction risk while assessing, identifyingand monitoring project planning for effective results

Infrastructure is an integral part of a country’s economy. Despite the high growth potential,construction in India is subjected to potential problems that could arise when new projects occurwithin a business. An integrated approach in mitigating risk coupled with a dynamic riskmanagement strategy will further enhance the growth of this sector.

Your eminent panel of speakers:R Sateesh Kumar Operations Director – India (MRICS)Padgham Sweett Padgham was awarded the Best Practice Awards by AIQSWinner in the category of construction by department of primary industries

Vijender Sharma Senior Advisor Fraport Airport Operations India Private LimitedFraport was awarded the "Best Practice Award 2009" for best innovations in the travel industry

Senior RepresentativeNational Highways Authority of India (NHAI)National Highway Authority of India (NHAI) will award 50 projects in 2010-11 to sustain the economicgrowth

Ashish N. Chandak Executive Director – Infrastructure Banking, Corporate FinanceYes Bank LimitedAs a key member of the Risk Management Group, Ashish have conducted financial appraisal and assessedcredit risk of several projects in transport, urban infrastructure, energy and telecommunications

Ramendra Shukla General ManagerPLUS BKSP Toll LimitedPLUS Expressways Berhad (PEB) is the biggest highway concessionaries or Build-Operate-Transfer (BOT)operator company in Malaysia

Sunil B.Shinde Senior Vice President – ProjectsTata Realty and Infrastructure LimitedThrough its subsidiary Navinya Buildcon and partner Atlantia S.P.A, TRIL has been awarded the 4-laning ofPune-Solapur Highway by the National Highways Authority of India (NHAI)

Subir Hazra Head Strategic PlanningDelhi International Airport Limited - GMR GroupThe Indira Gandhi International Airport has been chosen as the “Best Improved Airport” in the Asia-PacificRegion in February 2010

Raghvendra Bisen Head of the Department (DGM) - Project Planning, Costing and Monitoring Peninsula Land LimitedPeninsula Land Limited is known for its concept based architectures in the commercial, retail and residentialsectors

Kamal Kumar Verma Regional Director CEC Taiwan (Continental Engineering Corporation)CEC has been responsible for some of the prestigious projects like Taiwan High Speed Rail Corporation, MRT(Metro Rapid Transit) for Taipei City besides many Tunnels, Expressways and Bridge Projects

Mohan Abichandani Head Infrastructure Business – Construction Reliance Communication Limited Mohan has extensive experience of 34 yrs in putting up mega projects in telecommunication andinfrastructure sectors

Jidesh Kumar Managing PartnerKing, Stubb & KasivaKing Stubb & Kasiva has diverse infrastructure projects practice representing the length and breadth ofthe industry

Unmesh Kulkarni Head Contracts Tata Realty and Infrastructure Limited

A V Singh President & Practice Leader – Infrastructure, Energy & ReinsuranceWillis India Insurance Brokers Private Limited

Peter Vincent Cheney B.Sc. (Eng. Civ.) M.Eng. (Construction) Managing DirectorConstruction Computer Software Private Limited

Ian Hauptfleisch General ManagerConstruction Computer Software (Gulf) L.L.C

"There are risks and costs to a programme of actionbut they are far less than the long range risks and costs ofcomfortable inaction."

Key benefits of attending this event:• Improving project performance in terms of cost, schedule and market viability

• Mitigating risks associated with the changing commercial balance caused byhigh demand of resources

• Employing the concept of value engineering to ensure higher quality andlower end cost

• Distinguishing between different modes of procurement, contracts and thepitfalls involved

• Minimising risk from feasibility studies to completion through the entireproject life cycle

• Integrating risk management with other project management functions

• Monitoring residual risks and identifying new risks as they emerge during thelife cycle of a project

• Creating a credible and pragmatic risk assessment in financing constructionprojects

• Focusing on insurance and risk management needs in construction projects

• Identifying risks associated with stakeholders in mega projects

• Executing project planning while selecting resources required for specific riskmitigation

John. F. Kennedy

*Early Bird & Group DiscountsAsk about our savings

Featuring a half-day workshop on:Designing an effective risk planning and risk identification processto determine a successful project

Workshop facilitator:

Biren Parekh PartnerErnst & Young Private Limited

Featuring exclusive internationalpresentation by:Georg Venhorst Project Director Leighton Contractors Private Limited AustraliaGeorg has 19 years of experience in the construction industry and managedmajor infrastructure projects specifically on large bridge, tunnel projects andlogistics. Leighton contractors was awarded the Australian ConstructionAchievement Award-2008 for North-West T-Way, NSW New Metro Rail CityProject, WA (Leighton Kumagai Joint Venture)

Your distinguished chairperson:Dr Nishant Kumar Shrivastava Assistant Vice President IL & FS Transportation Networks (ITNL)

Page 2: Construction Risk Management. Conference India. August 2010

conferences

Our business partners

Gold Partners

Supporting Association

About the Gold Partners

Willis is one of the world leaders in insurance broking and risk consulting and is presentin India as Willis India Insurance Brokers Pvt. Ltd. since 2003. Willis is a companyheadquartered in London and listed on the New York Stock Exchange.Around the worldWillis is present in 120 countries, employs over 16,000 associates and counts amongstits clientele 30% of the Fortune 500 Companies. Willis India is headquartered atMumbai, the financial capital of India, and has offices in New Delhi, Chennai, Kolkata,Bangalore, Hyderabad, Pune and Ahmedabad. Willis is a market leader in handlingmajor Construction, Infrastructure & Power Projects worldwide. In India, we areaggressively penetrating the market and recruited highly experienced people in theindustry.

Construction Computer Software or CCS provides essential software solutions tothe construction industry and has been doing so for over 30 years. CCS’ two leadingsoftware products are BuildSmart, an ERP construction accounting and costing systemand Candy, a construction estimating and project control system. CCS is used in over 50countries by more than 300 contracting companies to minimise risk, increase accuracyand maximise profit. Users include small and medium construction enterprises to someof the largest construction firms in the world, who have implemented CCS solutions onsome of the biggest and most prestigious projects on the planet. Over 10000 CCSsystems are in use worldwide, every day.

About the Media PartnersOur project Leads service keeps subscribers informed about future building andconstruction projects with sufficient lead time for them to demonstrate how theirproducts and services can improve these projects. Over 5,000 companies value BCIProject Leads as a primary source of new business. To provide subscribers with accurateand detailed info, a BCI Asia report has been designed to include: • Description of a project and its key components • Stage of planning, design, tender or construction • Estimated cost and construction timetable • Key decision makers: developers, architects, design consultants & contractors

Published by media group BCI Asia, FuturArc is a quarterly journal that showcases thenew and progressive in architecture in Asia-Pacific. Recognising the significant impactthe built form has on society and the environment, FuturArc advocates for architecturethat demonstrates creativity, social responsibility and sustainability. It encouragesarchitects, engineers and developers to become innovators in design and early adoptersof technologies.

EPC World, a magazine for the entire gamut of Construction & Infrastructure industrywhich focuses on providing critical information and analysis on a wide range of topics,such as Engineering & Construction, Roads & Bridges, Oil & Gas, Power, Aviation, Ports& Shipping, Telecommunications, Technology & Management, etc. For more details visitwww.epcworld.in

About the Supporting Association With over 150,000 members across 146 countries, RICS is the world’s leading selfregulatory professional body for qualifications and standards in land, property andconstruction. An independent, not-for-profit organisation, RICS is governed by a RoyalCharter, which requires it to work in public interest. In a world where more and morepeople, governments, banks and commercial organisations demand greater certainty ofprofessional standards and ethics, attaining RICS membership is the recognised mark ofproperty professionalism. RICS set up its operations in India with a view to advancingstandards, promoting best practice and improving professionalism in the real estate andconstruction sector. To know more, please visit rics.org or email [email protected]

Media Partners

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Day 1

Thursday 12th August 2010

0830 Registration and morning coffee

0900 Opening & welcome remarks from ChairpersonDr Nishant Kumar Shrivastava Assistant Vice President IL & FS Transportation Networks (ITNL)

Construction Finance

0915 Session One – Joint PresentationUsing qualitative and quantitative approach in responding toconstruction growth opportunities

• Examining the collaboration between qualitative risk and quantitative risk analysis• Analysing the pros and cons of qualitative risk and quantitative risk analysis• Making effective decision in creating a detailed qualitative risk analysis for further

growth• Meeting project’s objectives while stressing on pro and cons of quantitative risk

evaluation• Explaining the combination of qualitative and quantitative approach in planning for an

improved intermodal connectivity for infrastructure • Creating a blueprint for development in infrastructure facilities through qualitative and

quantitative approach

Examining the challenges and risk involved in financing Public PrivatePartnerships (PPP) projects

• Designing contractual arrangements in supporting projects financing for PPP projects • Examining the reason behind classifying and designing during the construction phase

as the largest single risk• Determining the financial strength of a project through risk analysis• Differentiating between managing PPP projects versus other traditional construction

projects • Deciding between technical risk versus implementation risk in a complex infrastructure

construction project• Dealing with risk and uncertainty though a detailed understanding of decision making

in construction projects Ashish N. Chandak Executive Director – Infrastructure Banking, Corporate FinanceYes Bank

Kamal Kumar Verma Regional Director CEC Taiwan (Continental Engineering Corporation)

1030 Morning refreshment & networking break

1100 Session Two – Expert Advice Managing construction insurance while focusing on vital areas neededin a competitive environment

• Devising a seamless insurance programme with Intensive risk assessment andevaluation from the drawing board stage of a project to the construction phasethrough the transition of the operational phase

• Protecting the involved parties in a construction project with a single comprehensiveinsurance contract

• Addressing critical issues in fixing the sum insured and period of insurance, escalation,expediting expenses, interruption period for delayed start ups, loss prevention andminimisation

• Case Studies of large losses during construction stagesA V Singh President & Practice LeaderInfrastructure, Energy & ReinsuranceWillis India Insurance Brokers Private Limited

1145 Session Three – Case StudyWinning strategies in minimising financial risk during constructionprojects for effective project delivery

• Assessing the financial constraint arising from executing construction projects whilefacing the dilemma of delay in construction materials

• Managing financial risk arising from the beginning of project life cycle and finallytowards completion of a project

• Dealing with an insolvent client while identifying high risk areas and warning signs interminating a contract

• Using financial terms and clauses in drafting construction contracts Georg Venhorst Project Director Leighton Contractors Private Limited Australia

Construction Contracts

1215 Session Four – Joint Presentation Resource estimating in a multi tax environment

• End to end cost control• Role of accrued costs• Determination and protection of margins• Allowables control

Peter Vincent Cheney Managing DirectorConstruction Computer Software (Pty) LtdIan Hauptfleisch General ManagerConstruction Computer Software (Gulf) L.L.C

1315 Networking luncheon

1415 Session Five – Expert Advice Avoiding projects delays while resolving dispute cases withoutstressing on arbitration

• Trying to settle contractual disputes within the organisation before deciding onarbitration to avoid delayed payments

• Looking at contractual interpretation and the most prominent areas of risk inconstruction projects

• Mitigating negative effects associated with contractors’ claims and disputes using riskretention approachR Sateesh Kumar Operations Director – India (MRICS)Padgham Sweett

1500 Session Six – Panel Discussion Breaking down the barriers in negotiating construction contracts for asuccessful project delivery

• Using the hard-bid method in allowing an architect to dominate the entire project frominspection to completion

• Saving time and cost while communicating with the entire team through design-buildmethod

• Setting up the construction management method in analysing issues arising throughoutthe construction process

• Avoiding contractual risk and liabilities arising from failure to understand terms andconditions in a contract PanelistUnmesh Kulkarni Head Contracts Tata Realty and Infrastructure Limited Ramendra Shukla General ManagerPLUS BKSP Toll Limited

1600 Afternoon refreshment & networking break

1615 Session Seven – Extended sessionDetermining coverage under a builders risk policy in preparing forclaims as well as coverage

• Providing full coverage to the construction projects in a collaborative delivery systems• Assessing the adequacy of the builder’s all-risk coverage in protecting residential and

commercial projects • Dealing with the difference in condition coverage while increasing construction risk

mitigation • Selecting the limit of coverage while looking at the construction budget as well as the

labor and materials used in the construction projects Subir Hazra Head Strategic PlanningDelhi International Airport Limited - GMR Group

1715 Session Eight – Expert Advise Determining methods in managing risk in real estate business duringpre construction stages which includes risk management duringacquisition, design development and planning stages

• Providing full coverage of the uniqueness of real estate business and the peculiaritieswhich makes it prone to risk

• Assessing the pre construction process and key stages involved in the real estatebusiness

• Identifying and measuring the risk involved during pre construction stages• Looking at the impact and the overall profitability for continuous growth • Mitigating risk while recognising the importance of surviving in an uncertain world

Raghvendra Bisen Head of the Department (DGM) - Project Planning, Costing andMonitoring Peninsula Land Limited

1800 Closing remarks & close of day one

marcus evans would like to thank everyone who has helped with the research andorganisation of this event, particularly the speakers and their staff for their support andcommitment.

In-House Training SolutionsIf you have a number of delegates with similar training needs, then you may wish to considerhaving an In-House Training solution delivered locally on-site. Course can be tailored to specificrequirements.

For further details, please use the contact information given on the last page of this brochure.

Page 4: Construction Risk Management. Conference India. August 2010

Day 2

Friday 13th August 2010

Register NowContact Marketing at marcus evansTel: +603 2723 6757Fax: +603 2723 6699Email: [email protected]

marcus evans reserves the right to change the venue of, or speakers at the conference should circumstances require. © marcus evans

0830 Registration and morning coffee

0900 Opening & welcome remarks from ChairpersonDr Nishant Kumar Shrivastava Assistant Vice President IL & FS Transportation Networks (ITNL)

Project Delivery

0930 Session One – Expert Advice Measuring the fundamentals of risk ownership from the beginning ofa construction project

• Working towards the initiation and planning phases involved in risk ownership • Determining the challenges involved in project planning for an effective risk mitigation

process • Knowing the difference between clients’ expectations and reality during the beginning

of a project • Improving partnership planning at the pre-tender stages • Confronting lack of alignment between owners and contractors • Controlling cost risk while maintaining a successful relationship with suppliers and

contractors Sunil B.Shinde Vice President – ProjectsTata Realty and Infrastructure Limited

1030 Corporate Presentation by

1045 Morning refreshment & networking break

1100 Session Two – Expert Advice Mastering risk management in contracting services while improvingcost, quality and timeline required for project delivery

• Delving into different types of contracts and nature of a contract in a constructionproject

• Analysing limitations of liability in any contract in terms of risk to the parties involved ina construction project

• Identifying effective ways in transferring risk through contractual terms • Examining the circumstances involved in handling breach of contract in construction

projects • Maximising the effectiveness of risk transfers in construction contracts • Looking at competitive tendering and the various procurement systems that allocates

risk in different waysJidesh Kumar Managing PartnerKing, Stubb & Kasiva

1200 Session Three – Expert AdviceOptimising passenger comfort at airports through smart constructionin order to achieve satisfaction as well as high turnover

• Improving the current operations of airports while looking at designing “smart airport” • Shifting from cost centric level to safety culture while focusing on industrial hygiene

and safety measures • Strengthening initiatives in designing smart airports for effective growth • Moving towards achieving an environment friendly airport• Seeking out ways to improve, innovate and shorten the building cycle of airport

constructionVijender Sharma Senior Advisor Fraport Airport Operations India Private Limited

1245 Session Four – Expert AdviceIntegrating health and safety issues during the design and earlystages of preparation in construction

• Preventing accidents and harmful effects on the health of workers through appropriatedesign of construction projects

• Gaining awareness with a well-planned safety programme in preventing accidents • Using suggestion method in improving current safety conditions: Safety and health

audits• Shifting from production level to safety culture while focusing on site industrial hygiene

and safety measure Mohan Abichandani Head Infrastructure Business – Construction Reliance Communication Limited

1300 Corporate Presentation by

1315 Networking luncheon hosted by

1400 Session Five – Case Study Highlighting stakeholder management techniques throughout thelifecycle of a project

• Exposing the involvement of a stakeholder in managing risk throughout a project• Preventing from ineffective stakeholder management in creating major financial risk • Ensuring regular coordination meetings between the project team to create

transparency • Establishing an effective engagement of stakeholders for timely project delivery• Comprehending the importance of stakeholder management in project performance • Using risk management principles in managing stakeholders while moving towards

planning for a successful project• Overcoming organisational roadblocks through stakeholder communication plan in

order to identify risk and threat Senior Representative National Highways Authority of India (NHAI)

1400 Session Six – Half-Day Workshop Designing an effective risk planning and risk identification process indetermining a successful construction project

Risk Planning • Applying risk management in civil construction projects while focusing on the project

environment • Adopting to practical and systematic risk management procedures while effectively

dealing with project risk • Utilising cost management throughout the planning, design and construction phase

Risk Identification Process• Ranking the risks in terms of frequency of occurrence and degree of impact• Allocating risk expects or departments to handle risk identifications • Compiling a list of opportunities and risks for the risk team during the project life cycle • Reducing redundancy and practices for an efficient management of risk during the

planning process• Establishing a risk culture that contributes to better cost management while planning

during construction • Using cost management throughout the planning ,design and development process

for an effective construction project• Tailoring risk planning strategies towards developing project strategies for an effective

growth

Your workshop leader:Biren Parekh PartnerErnst & Young Private Limited

* Afternoon refreshment will take place from 1530 - 1600

1700 Closing remarks & close of conference

About the expert workshop leaderBiren Parekh PartnerErnst & Young Private Limited

Biren heads the real estate, hospitality and construction practice for risk advisory services at E &Y. He is the leader of the capital projects advisory solution. A qualified Chartered Accountantwho specialises in project management, business process review and risk based internal audit.Biren has experience in capital projects advisory solution, business process review projects,construction audit, internal audit, and enterprise risk management for leading constructioncompanies. This includes road construction company, cost allocation review for majorconstruction company, project management support on large residential, IT Parks, SEZ andtownship projects, business process review projects for leading real estate developers.

Key clients include:• Cummins India • Larsen & Toubro• Kvaerner • KMC Construction • The Dhamra Port Company Limited • Neev Infrastructure• Trans Tech Turnkey

Why you cannot miss this eventConstruction Risk Management will address the current challenges in managing projectswhile focusing on relevant approaches in identifying and addressing risk.

The construction industry is an integral part of the country’s infrastructure and industrialdevelopment. This sector is subjected to significant risk and uncertainty compared to manyother industries. This forum will be a good platform to learn best practices and techniquesin mitigating construction risk from top notch companies. This will be an opportunity toreduce your exposure to project failure, quantifying and planning risk in the project life cycleas well as to control construction cost.

marcus evans is pleased to announce this premier conference featuring world-classconstruction industry experts, who will be delivering critical frameworks in managing risk.This two day event will stimulate discussions on actual experiences , providing delegateswith insights to prevent risk in contracts, finance, project delivery as well as safety elementsrequired for an organisation. Do not miss this great opportunity to be part of this meet andto gain insights on effective risk management strategies.

Who should attendChiefs, Directors, Vice Presidents, General Managers and Heads from: • Project Management • Construction • Strategy & Project Planning • Corporate Planning• Engineering • Contracts • Infrastructure • Operations • Legal • Procurement • Logistics

From the following industries:• Real estate • Buildings- Urban infrastructure • Road ,Tunnels & Bridges • Ports• Airports • Financial Institutions • Telecommunications • Power and utilities • Government • And many more