Home Course Contract Management Contracts Management Specialist: The A to Z of Contract Management

Contracts Management Specialist: The A to Z of Contract Management

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.

EARNING 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

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.

 

Hourly Schedule

Day 1

9:00 AM - 11:00 AM
Contracting Strategies
KeyTopics: Types and use Principal Risks and their Management Types and Sources of Law Judicial and Arbitral Systems

Day 2

9:00 AM - 11:00 AM
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

9:00 AM - 11:00 AM
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

9:00 AM - 11:00 AM
Managing Change
KeyTopics: Changes and Variations Delay Force Majeure Valuation Processes and Procedures

Day 5

9:00 AM - 11:00 AM
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

Important Links

Course Categories
  • Course ID: MTC0038

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Price

$1,500.00

Date

Dec 04 - 08 2022
Expired!

Time

5 Days
All Day

Courses Types

On Place

City

Saudi Arabia - SA
Saudi Arabia - SA

City 2

Dubai - UAE
Dubai - UAE
Tags: Beginner
Mosook Training Co.

Instructor

Mosook Training Co.
Phone
+966 55 659 3176
Email
MTC@MOSOOK.COM
Website
http://www.mosooktraiining.com

Course Registration