Advanced Contract Management: Planning, Strategy, Development, Legal, Negotiation, Disputes, Claims, Risk and Administration

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Advanced Contract Management: Planning, Strategy, Development, Legal, Negotiation, Disputes, Claims, Risk and Administration Course
Introduction:
This program offers comprehensive coverage of the contracting process, starting from contract award and extending through planning, management, contract close-out, and resolution of disputes. Its primary objective is to enhance the existing skills of participants in various contract management scenarios. Moreover, it provides valuable insights into practices across multiple business sectors, including construction, petroleum, engineering, and other industries.
Throughout the program, participants will delve into the intricacies of contract management, gaining a deep understanding of the processes involved at each stage. They will learn effective techniques for contract planning, negotiation, and administration, ensuring they are equipped with the tools necessary to manage contracts successfully.
The program goes beyond theoretical knowledge by incorporating practical exercises and case studies that reflect real-world contract management challenges. By engaging in these activities, participants will develop their problem-solving skills and be better prepared to handle diverse contract management situations.
Furthermore, the program emphasizes the importance of industry-specific knowledge by exploring practices across various sectors such as construction, petroleum, engineering, and more. This approach allows participants to broaden their perspectives and adapt their contract management skills to different business environments.
Upon completion of the program, participants will have gained the necessary expertise to navigate the entire contracting process, from award to close-out, and effectively handle any disputes that may arise. They will possess a comprehensive skill set applicable to contract management in a wide range of industries, enabling them to excel in their professional roles.
Join us in this program to enhance your contract management skills and broaden your understanding of practices across multiple business sectors. By expanding your knowledge and capabilities, you will be better equipped to manage contracts successfully and contribute to the overall success of your organization.
Course Objectives:
This will enable the participants to:
- Select the appropriate type and form of contracts for different situations
- Understand the legal framework in which contract management takes place
- Understand the contract complexities that need managing
- Explain the practical steps in obtaining and analyzing performance data
- Be more effective in contract management activities
- Anticipate problems and manage risks
- Integrate contract management with contract needs
- Understand the best means of handling claims, disputes, and performance issues.
Who Should Attend?
The course provides an outline of all significant aspects and concerns of project management for those who are involved in the planning, scheduling, monitoring, reporting, and control of projects within the industrial environment. This includes engineers, project and team managers, leaders, project team members, and business consultants.
Course Outlines:
Understanding the contract
- Overview of the tendering and contract award process
- Understanding contracts – a refresher on legal requirements for a contract
- Formal and Informal Contractual documents, including
- Standard terms and conditions
- Letters of intent
- Letters of comfort
- The specification and scope of work – linkage to price and payment
- Recognizing where the contract risks lie
- Tools and techniques to manage contract risks
Key skills of contract management
- The role and value of an effective contract manager
- Implementing the new contract
- Effective Review processes
- Inspection and certification of contractual performance
- Managing suppliers of professional services
- Working with contract management reports
- Using KPIs ineffective contract management
Model Contracts and Terms
- Selecting the right model for the contract
- Standard form Contracts – ICC, FIDIC, NEC, and others
- Force Majeure clauses
- Indemnities and Insurance clauses
- Warranty clauses
- Bonds and Guarantees
- Contract variation clauses
Managing Price and Contract Variations
- Managing Price escalation
- Getting a breakdown of costs
- Cost and price analysis techniques
- Tracking changes
- Managing variations to the work
- Changes to timing, accelerating delivery
- Increase or decrease in scope
- Changes to work methods
- Negotiation techniques for price and contract variation management
Managing claims and disputes
- Typical contract claims – scope, delay, quality, payment
- Implementing penalties or service credits
- Liquidated and unliquidated damages
- Termination and other methods of dealing with default
- Defects Liability management
- Dispute Resolution – tools and techniques to use
- Contract closeout