Indian Infrastructure hosted a webinar on Thursday, April 30, 2020, which provided an understanding of the force majeure clause in light of the contractual disruptions, discuss the potential safeguards and strategies, and examine the need for long-term contract renegotiations.
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The webinar featured:
Rajesh Banga, Arbitrator, Ministry of Housing & Urban Affairs
A.K. Gupta, Executive Director, Operations, Afcons
Puran Kumar, Head – Contract Management, L&T
Ajay Mishra, President, Contract and Claim Management, Dilip Buildcon
Sanjoy Mukherjee, Executive Director, Projects, Engineers India Limited
L.P. Padhy, CGM, NHAI
The panel deliberated on questions such as:
- What will be the impact of invoking force majeure on construction contracts across infrastructure sectors?
- What are the contractual provisions covered by the clause?
- What will be the process of renegotiation?
- What are the measures being put in place to handle disputes arising out of such renegotiations?