Risk Management in Construction - Challenging and Emerging Issues (in Vietnam) Part 4 (End)

Photo 1. Risk Management in Construction

Photo 2. Forum Participants

Posted by
Dr. BHW Hadikusumo
CEIM Coordinator
http://www.set.ait.ac.th/ceim/

" CEIM offers Master and Doctoral degrees in Construction Project Management and Infrastructure Management in Indonesia, Thailand and Vietnam "

AIT/SET Press Conference in Saigon 29 Jan 2008

On Tuesday 29 Jan 2008 at 3 pm, SET/AIT delegation organized a Press Conference in SEAMEO Saigon to introduce our Master and PhD programs offered in Vietnam. AIT/SET delegations are Dr. Nitin A. (Associate Dean), Ms. Nguyen Bich Hoa (SET Representative in Vietnam), Dr. Hadikusumo (CEIM and Vietnam Coordinator), Dr. Sumantha Guha (CSIM Coordinator) and Dr. Giao (SET Coordinator for Vietnam Promotion).

The press conference was attended by journalists from TV, newspaper and magazine such as HTV, Saigon Economic Times, Dong Nai Newspaper etc.

During the press conference, many interesting questions were raised by the journalists:

• Why the tuition fee is quite expensive? SET Delegation answered that our tuition fee is reasonable because we are an international university. Lets see the tuition fee for elementary (primary) and high school offered by international school in Saigon and Hanoi; the tuition fee is about USD 10,000 per year. AIT tuition fee is USD 13,000 - 15,000 for a master degree (post-graduate) level. With a master degree certificate from a reputed university, students can get a good job and career development. Therefore, investing in education is a good investment!
• How is research quality in AIT? AIT concerns a lot in quality of research. We are successful in maintaining and improving our tradition to involve students in high research standard. A very real example of this achievement can be seen from our high numbers of journal publication written by AIT student and Faculty.

Posted by
Dr. BHW Hadikusumo
CEIM Coordinator
http://www.set.ait.ac.th/ceim/

" CEIM offers Master and Doctoral degrees in Construction Project Management and Infrastructure Management in Indonesia, Thailand and Vietnam "

CEIM welcomes 9 new students joining Jan 2008 Semesters

CEIM welcomes 9 (nine) new students joining AIT/CEIM master and PhD program in January 2008. The nine students come from Taiwan, Vietnam, Bhutan and Iran as follows:
- one PhD student from Taiwan, Mr. Kang Ning Fu
- one PhD student from Iran
- Five master students from Vietnam
- two master students from Bhutan

Posted by
Dr. BHW Hadikusumo
CEIM Coordinator
http://www.set.ait.ac.th/ceim/

" CEIM offers Master and Doctoral degrees in Construction Project Management and Infrastructure Management in Indonesia, Thailand and Vietnam "

CEIM is expanding into Property and Real Estate Development

CEIM is expanding into Property and Real Estate Development area. We are now recruiting a new faculty member in the area of property/real estate financing, market analysis and valuation. The new faculty member will create a synergy with the existing two faculty members who are in project management area. The existing two faculty members will teach subjects related with property and real estate project management, while the new faculty will teach property and real estate business related subjects. In addition, Dr. Roland may also help us in teaching Property Law.

In order to launch an attractive program, we have discussed with a "Property Consultant" for co-branding between CEIM and the "Property Consultant".

We hope to launch the new program on Sept 2008 or January 2009.

Posted by
Dr. BHW Hadikusumo
CEIM Coordinator
http://www.set.ait.ac.th/ceim/

" CEIM offers Master and Doctoral degrees in Construction Project Management and Infrastructure Management in Indonesia, Thailand and Vietnam "

Wedding of K. Fon (CEIM Secretary)

On Sunday 23 December 2007, K. Fon had her wedding ceremony. The lucky man is Mr. Michael who is from Tasmania Australia. Prof. Worsak (SET Dean), Dr. Chotchai, Dr. Hadikusumo, K. Pranee (ex CEIM Secretary), K. Nuch, K. Yuppa, Mr Maung Maung Tar and K. Lek attended the wedding at BangSai Culture Village. A very nice wedding party!

They plan to move to Australia. Right now, K. Fon is waiting for the Australia Visa process. Hopefully, she will get it on April 2008. She is still helping us until she will get her Visa.

Congratulation to K. Fon! CEIM wishes you a happy marriage life with Michael.

Posted by

Dr. BHW Hadikusumo
CEIM Coordinator
http://www.set.ait.ac.th/ceim/

" CEIM offers Master and Doctoral degrees in Construction Project Management and Infrastructure Management in Indonesia, Thailand and Vietnam "

CEIM Thailand is Back to School

AIT/CEIM students BATCH Year 2007 started their second semester today 16 January 2008. In this January semester, they can choose to take four to five courses offered by CEIM Field of study as follows:

• Project Financing by Dr. Chotchai
• Project Performance Management by Dr. Chotchai
• Occupational Safety and Health in Construction by Dr. BHW Hadikusumo
• Legal and Contract Risk Management by Dr. Roland
• Infrastructure Management by Dr. Puvadol
• Note: in this semester, IT in Construction course will not be offered.

In this January 2007, six (6) Two-Phase CEIM students from Vietnam will come to study in AIT/CEIM Thailand.

Welcome back to school!

Posted by

Dr. BHW Hadikusumo
CEIM Coordinator
http://www.set.ait.ac.th/ceim/

" CEIM offers Master and Doctoral degrees in Construction Project Management and Infrastructure Management in Indonesia, Thailand and Vietnam "

Risk Management in Construction - Challenging and Emerging Issues (in Vietnam) Part 4

Dr. Roland Amoussou – Guenou made a presentation on Legal Risks And Construction Contracts In Vietnam.

In his presentation, he discussed many issues: Overview of the legal and regulatory environment for doing business in Vietnam, Overview of the legal and regulatory environment for doing construction business in Vietnam, Is Vietnam is risk country?, Fact and figures on construction risks in Vietnam, Risk in general, Legal risk and liability in general, Construction contract environment and parties, Risk management road map, Construction contract Claims and Construction contract dispute resolution.

According to him, projects must consult with lawyers in order to protect the project from risks. Risks such such Act of God, Nature and Man-Made risk can be managed if they are properly addressed in the contract.

He also provided a road map to manage risk using a good contract mechanism:
First Step: Choice of Law (Determining Applicable Law)
Second Step: Contract Formation
Third Step: Breach of Contract
Fourth Step: Claimant's remedies for the respondent's breach of contract.

During the Question and Answer Session, a participant asked Dr. Roland's opinion regarding a case that his company is facing. The contractor rented an expensive equipment from oversea supplier. The equipment is shipped. During the shipment, there was a strong storm and the equipment was damaged. Is it an Act of God? According to Dr. Roland, as far as in the contract between the shipping company and the contractor wrote in detail what are considered as ACT of GOD, then the contractor might win the case. In addition, Dr. Roland also added that for user/buyer Cost, Insurance and Freight (CIF) contract is must saver compared to Free On Board (FOB) contract.

Posted by

Dr. BHW Hadikusumo
CEIM Coordinator
http://www.set.ait.ac.th/ceim/

" CEIM offers Master and Doctoral degrees in Construction Project Management and Infrastructure Management in Indonesia, Thailand and Vietnam "