Course Schedule

Contracts Management Specialist: The A to Z of Contract Management

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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 party’s 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

DAY 1 –Contracting Strategies

  • KeyTopics:

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

DAY 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

DAY 3 – Principal Obligations and their Management

  • KeyTopics:

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

DAY 4 - Managing Change

  • KeyTopics:

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

DAY 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

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