Page 19 - Volume5, Issue 3, May-August 2024

EXECUTIVE EDUCATION PROGRAMS

Workshop on ‘Principles of FIDIC Contracts’

09 AUGUST

The Indian Institute of Management Visakhapatnam Vice Admiral Srinivasan Gopinathan, AVSM, VSM,
inaugurated a Workshop on ‘Principles of FIDIC Director General of Navy Projects, graced the event
Contracts’ for officers of the Directorate General as the Chief Guest. In his inaugural address, he
Naval Projects (DGNP) on August 9, 2024. Thirty- stressed the importance of contract management
one DGNP officers are participating in the program. in the defence sector, noting that this year’s capital
Prof. S. Chatterjee, the program director, welcomed budget for the Navy is the highest to date. He
the participants and outlined the three-day schedule, emphasized timely infrastructure creation and the

setting the stage for an enlightening experience. role of FIDIC principles in contracting. Vice Admiral
Shri Ajit Kumar Mishra, General Manager of the Gopinathan encouraged continuous learning,
Dedicated Freight Corridor Corporation of India Ltd. stating, “Learning never stops if you remain
(DFCCIL), highlighted the workshop’s comprehensive inquisitive. The journey of knowledge begins when

topics, including FIDIC Standard Contract Forms you acknowledge what you don’t know.”
(Red, Yellow, and Silver), Contractor’s Claims, Prof. M. Chandrasekhar, Director of IIMV, thanked
Employer’s Claims, Prolongation and Delay Claims DGNP (V) for partnering with IIMV as a knowledge
in Infrastructure Projects, the role of experts, the partner. Prof. Chatterjee concluded the session
Dispute Resolution Mechanism, and Commercial with a vote of thanks, expressing gratitude to Vice
Arbitration. Admiral Gopinathan for his presence.

16 VOL.5/ ISSUE 3, MAY-AUGUST 2024