Inauguration of Workshop on ‘Principles of FIDIC Contracts’ for the officers of Directorate General Naval Projects (DGNP) Visakhapatnam
Visakhapatnam, 9th August 2024: The Indian Institute of Management Visakhapatnam inaugurated a Workshop on ‘Principles of FIDIC Contracts’ for the officers of Directorate General Naval Projects (DGNP) Visakhapatnam on 09th Augst 2024. Thirty-one officers from Directorate General Naval Projects (DGNP) Visakhapatnam are participating in the program.
Welcoming the participants, Prof. S. Chatterjee, program director took the participants through the three-day schedule, marking the beginning of what promised to be an enlightening experience.
Shri Ajit Kumar Mishra, General Manager of the Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL), highlighted the comprehensive range of topics covered in the workshop. These included FIDIC Standard Contract Forms, such as the Red, Yellow, and Silver Contract Forms, as well as discussions on Contractor’s Claims, Employer’s Claims, Prolongation and Delay Claims in Infrastructure Projects, the Role and Importance of Experts, the Dispute Resolution Mechanism in FIDIC Contract Forms, and Commercial Arbitration.
Vice Admiral Srinivasan Gopinathan, AVSM, VSM, Director General of Navy Projects (DGNP) with the Indian Navy, graced the event as the Chief Guest. In his inaugural address, he emphasized the critical importance of contract management within the defence sector. Highlighting India’s strategic positioning with its extensive coastline, Vice Admiral Gopinathan noted that this year's capital budget allocated to the Navy is the highest so far. He emphasized the importance of infrastructure creation in a timely manner and role of FIDIC principles in contracting.
Addressing the participants, Vice Admiral Gopinathan shared an insightful perspective on continuous learning. He remarked, “Learning never stops if you remain inquisitive. The journey of knowledge begins when you acknowledge what you don’t know.” His words underscored the significance of lifelong learning and professional growth in the ever-evolving field of defence
On his opening remarks Prof. M. Chandrasekhar, Director Indian Institute of Management Visakhapatnam thanked the DGNP(V) for making IIMV, its knowledge partner.
Prof. S. Chatterjee, program director, delivered the vote of thanks and expressed his gratitude to Vice Admiral Srinivasan Gopinathan, the chief guest, for gracing the event.
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