Contracts Management Specialist: The A to Z of Contract Management

* Click on column header for sort them

Venue Starting Date Duration Fees Join Now
Tbilisi - Georgia , 20210823 23 - Aug - 2021 5 - Day $5,750 Register
Dubai - UAE , 20211010 10 - Oct - 2021 5 - Day $4,750 Register
Online - Virtual , 20211102 02 - Nov - 2021 2 Hrs X 8 Sessions $1,750 Register

COURSE OVERVIEW

Since the contracts are at the core of all commercial transactions, good contract management is a core competency of successful organisations. The effective expenditure of money and resources is dependent on successful contract management activities – selecting the appropriate models, understanding the legal principles of creating a contract, managing each partys rights and obligations, and dealing with claims and disputes are all key areas within this discipline.

The Contracts Management Specialist training course will deal with commercial contract management, and follow principles widely used in international contracting. This highly interactive training course will provide participants a practical hands-on approach to effective management of contracts and offer techniques and contract strategies to assist this process.

LEARNING OBJECTIVES

  • Improve their understanding of the legal and commercial elements of contracts
  • Learn about different contracting strategies and how they transfer risk
  • Understand and manage the commercial impact of principal obligations
  • Be able to manage claims and disputes
  • Understand the types of remedies available and the processes to be followed

TARGET AUDIENCE

Any personnel involved in the planning, evaluation, preparation and management of contracts in the areas of:

  • Procurement
  • Engineering
  • Construction
  • Operations
  • Maintenance
  • Finance

The training course is also beneficial to Contract Administrators, Project Coordinators and Legal Department personnel.  

TRAINING METHODOLOGY

The training course will include a variety of instructional methods, and involve a high level of interaction. The course facilitator will explain principles and issues, using real examples, and will involve participants through discussion and debate, and individual and group exercises. Participants are encouraged to discuss their own contractual issues and problems on a confidential basis.

Pre & Post course assessments will be used to measure the effectiveness of this training.

COURSE CONTENTS

Module 1 -Contracting Strategies

  • KeyTopics:

    • Types and use
    • Principal Risks and their Management
    • Types and Sources of Law
    • Judicial and Arbitral Systems

Module 2 - Overview of Contract Law and Contracts

  • KeyTopics:

    • Formation, Validity, and Structure of Contracts
    • Drafting Pitfalls
    • Notices and other Formalities
    • Indemnities, Guarantees, Warranties
    • Bonds and other Security Documentation

Module 3 - Principal Obligations and their Management

  • KeyTopics:

    • Time – progress and completion
    • Quality – standard, testing, acceptance
    • Price and Payment
    • Title and risk transfer
    • Intellectual Property

Module 4 - Managing Change

  • KeyTopics:

    • Changes and Variations
    • Delay
    • Force Majeure
    • Valuation
    • Processes and Procedures

Module 5 -Remedies and Dispute Resolution

  • KeyTopics:

    • Eliminating Sources of Disputes
    • Suspension and Termination
    • Types of Loss and Damage, Limits and Exclusions of Liability
    • Alternative Dispute Resolution

Share this course:

Search a Course

Online Training

Want to learnmore aboutour online programmodel?

Explore Details

In-House Proposal

Request an On-Site Workshop

If you’d like to learn more about conducting training at your organization.

Get a Solution

Enquiry

Wish to get more details about this program?

Connect With Us

What our Clients have to Say

Latest Testimonials

Enter details to begin download





    By submitting this form, you are consenting to receive marketing emails from: Promise Training & Consultancy, Al Barsha, Dubai, 391186, https://www.promisetrainingglobal.com/. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact