Most construction disputes end up being about money: late certificates, unvalued variations, disputed delay costs and cash-flow gaps that stall a site. Administrators who manage the financial side of the contract from the first day protect both the employer and the contractor.
Five days link contract clauses to the numbers. You study how the FIDIC Red, Yellow and Silver Books deal with the contract price, provisional sums, advance payment, retention, interim payment applications, price adjustment and final account, and how the Engineer or Employer's representative determines amounts due. Exercises cover bills of quantities measurement, valuation of variations, daywork, notices and time-barred entitlements, extension of time and prolongation cost, and quantification of claims with supporting records. You build cash-flow forecasts, cost-to-complete reports, and bond and guarantee registers, and see where currency and tax issues arise. Quantity surveyors, contract managers, project accountants, engineers, procurement and finance officers, employer representatives and contractor commercial staff will gain practical routines. Afterwards you can prepare and check a payment certificate, assess a variation and compile a claim file that holds up. Classroom, online or in-house delivery, with a CPD-accredited certificate.
Construction and engineering contracts rarely run exactly as planned. Ground conditions change, designs are revised, materials move in price and approvals take longer than expected. Each of these events has a financial consequence, and FIDIC forms set out procedures and time limits for dealing with them. Where administrators miss a notice or keep weak records, entitlements can be lost and disputes become more expensive to resolve.
The Financial Management for Contract Management & Administration (FIDIC) Training Course builds the financial competence needed to administer a contract from award to final account. It begins with the contract price structure, payment mechanisms and security instruments, then covers measurement, valuation and certification. Participants move on to variations, adjustments, delay and disruption, and the preparation and assessment of claims, including the records and notices the contract demands. The programme also covers financial control tools such as cash-flow projections, earned value indicators, cost-to-complete forecasts and reporting to funders.
Learning relies on worked examples and spreadsheets. Participants value interim certificates, price a series of variations, quantify an extension of time claim and finish with a checklist and templates that can be adapted to their own FIDIC-based projects.
By the end of the course, participants will be able to:
Participants leave the course with:
The course keeps the contract document and the calculator side by side:
Day 1: The Financial Architecture of FIDIC Contracts
Day 2: Measurement, Valuation and Payment
Day 3: Variations, Adjustments and Cost Changes
Day 4: Delay, Disruption and Claims
Day 5: Financial Control, Close-out and Disputes
The programme is intended for people who pay, price, certify or claim under construction contracts, including:
Participants who complete the case project exercises and attend all sessions receive a CPD-accredited Certificate of Completion issued by Vision Reach Global Consultancy. The certificate is a record of training, not a FIDIC accreditation.
Upcoming cohorts
CPD-Accredited
Official invoice & confirmation letter provided
Team discount for 3+ seats
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Everything you need to know about this course before you register.
By the end of the Financial Management for Contract Management & Administration (FIDIC) programme, you'll be able to interpret the financial provisions of the fidic red, yellow and silver books, prepare, check and certify interim payment applications, including retention and advance recovery, value variations, provisional sums and daywork using contract rates and fair valuation principles, and apply price adjustment formulas and handle changes in cost and legislation. The full breakdown of topics is covered session by session in the Course Outline tab above.
The programme is intended for people who pay, price, certify or claim under construction contracts, including: Contract managers and contract administrators, Quantity surveyors and cost engineers, Project accountants and finance officers on infrastructure projects, Employer's representatives and supervising engineers, Contractors' commercial managers and site agents, Procurement officers in public bodies and development agencies, Internal auditors reviewing works contracts, and Project managers in donor-funded construction programmes.
Financial Management for Contract Management & Administration (FIDIC) Training Course typically runs as 5 Days. It's available as in-person classroom, live virtual, and in-house corporate training — every course can also be delivered on-site for your team on dates that suit you.
Financial Management for Contract Management & Administration (FIDIC) Training Course is scheduled in-classroom in Nairobi, Kenya, Mombasa, Kenya, Naivasha, Kenya, and Kisumu, Kenya, and 14 other locations, plus a live interactive virtual classroom you can join from anywhere. Check the schedule panel above for exact upcoming dates and fees in each location.
The next live virtual cohort of Financial Management for Contract Management & Administration (FIDIC) starts October 26, 2026, with new classroom cohorts also running on a rolling basis. Pick a date and location in the schedule panel above, then click "Register for the Course" — it takes a few minutes and your seat is confirmed once payment or a signed purchase order is received.
Yes — delegates who meet the attendance requirement receive a Certificate of Completion for Financial Management for Contract Management & Administration (FIDIC) Training Course from Vision Reach Global Consultancy, issued in the name you register with, so double-check the spelling at checkout.
Financial Management for Contract Management & Administration (FIDIC) Training Course is pitched at intermediate professionals. If you're unsure whether it's the right fit for your current role or background, message our training advisors before you register and they'll help you confirm.
Fees for Financial Management for Contract Management & Administration (FIDIC) Training Course vary by delivery location and format and are shown in real time in the schedule panel above once you pick a date. Register 3 or more delegates on the same course together and a 5% team discount is applied automatically — larger cohorts can request a custom corporate quote.
Yes — Financial Management for Contract Management & Administration (FIDIC) Training Course can be delivered on-site at your offices (or virtually for distributed teams), with case studies and examples tailored to your industry and the specific challenges your team is working through. Switch to the "In-House" tab in the schedule panel above to request a proposal.
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