VMC host the first ever Seminar of the Construction Management Forum in Egypt

01 April 2019

In collaboration with Dr Waleed El-Nemr, BSc MSc LLM PHD FCIArb, President of AACE International (Egypt Chapter) VMC hosted the first event of its kind in Egypt: a seminar that gathers key contract, cost and commercial practitioners in the industry under one roof, to discuss pertinent issues in the field.

The seminar titled Cost & Contract Challenges in the Egyptian Construction Industry aimed to address key issues such as:

  • Missing BOQ items in re-measurable contracts,

  • Validity of BOQ rates after expiry of the original contract duration, and

  • Preliminaries after contract duration - extend or continue to pay?

As places were limited, ​key practitioners were selected from influencing organisations including developers and consultants, and all expressed their satsifaction and gratitude to VMC for hosting such an event.

From Left to Right: Mr Alaa Arafa (Palm Hills), Dr Waleed El-Nemr (AACE International Egypt Section), Mr Sherif Sweillam (Gleeds Egypt), Mr Mohamed Gharib (Hassan Allam Properties), Mr Mahmoud El-Saadany (Turner International), Ms Marwa Salah (Turner International), Mr Mohamed Ibrahim (VMC), Dr Salwa Fawzy (Mountain View), Mr Marwan Hassan (VMC), Ms Yara Shalaby (VMC), Ms Farrah El-Tawil (Mountain View), Ayman El-Ghazzawi (VMC), Mr Amr Abdel Moneim (Palm Hills), Mr Ahmed Ashraf (AAA), Mr Khaled Adly (Al-Futtaim), Mr Amr Seddik (PCS) and Alaa Khater (DueServe)

The seminar tackled the key issues form a contractual and cost/commercial perspective, with Dr Waleed El-Nemr addressing the former using FIDIC form of contract as a reference, while the latter was assessed by Ayman El-Ghazzawi using UK best practice as a reference, exploring RICS Guidance, the JCT form of contract and the NEC form of contract.

 

The session was split into two portions, with the first being a presentation by El-Nemr and El-Ghazzawi, and the second part of the event geared around a group discussion with attendees. The Q&A and discussion was planned for one hour, but extended to three hours thanks to the deep interest and exciting participation by the attendees.

All attendees agreed the event was successful and looked forward to more. VMC hope the Construction Management Forum can develop into an industry-wide initiative and gain momentum across industry peers to become a driving force for change and innovation in the cost management and contracts management disciplines.

© ValueMetric Consultants LLC

Regulated by RICS

Commercial Registration No. 93051 (Egypt)

Registered Office: 124 Othman Ibn Affan St., Heliopolis, Cairo, EGYPT

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