This contracts management training course is designed to assist contracts professionals cope with the increasing complexity of commercial and business relationships as trade local and international to becomes ever more better quality. All business professionals need to understand what a contract does (and does not) require them and the other party to the contract to do, and the consequences for both parties of any failure.
This Contracts Management training course covers the three stages of contracting; negotiating the ‘deal’; documenting that deal in a robust, but practical way: and managing the performance of the contract itself. This Britrish academy for training and devlopment training course will help participants to have an awareness of practices in other areas and other industries, which can add significant value to their own situations. Moreover, the training course will also give an opportunity to consider matters from the perspective of the other party to a contract.
Course Objectives
By the end of the course, participants will be able to:
This is training course will feature:
Gaining a broad understanding of contracts and your ability to use them to protect your organisation.
The differences in approach between different legal and contracting systems.
How to deal with international and local contracts.
Considering principles widely used in international contracting, risk allocation and dispute management in contractual disputes.
Learn how to monitor contract quality.
Risk allocation in contract management and dispute resolution in contractual disputes
Contracting in an international context
Protecting your company’s interests
An understanding of contracting in the English language.
By the end of this training course, participants will be able to:
Improve their understanding of the role of contracts within a business
Develop more confidence in dealing with contracting issues
Understand how strategies can be developed to improve the commercial outcomes
Apply the latest international thinking in dispute resolution
Increase awareness of the use of contracts in everyday business life.
Understand the need to negotiate the “deal” before structuring the contract documentation Utilise the tools & techniques to assist in such negotiations & enhance the efficient management of contract
Assess the drafting and modification of specific contract clauses, using real examples
Introduce some of the differences in approach in different jurisdictions
Examine ways to avoid disputes, or to manage them successfully
Who is this Training Course for?
Contract Administrators, Contract Professionals and Project Coordinators.
Project, Construction, Cost and Quantity Professionals
Contracts Managers
Those new to the function, preparing for a major project or experienced professionals looking for a refresher,
Engineers or contracts operatives.
Course Outline
Contracts and how are they Created
The need for contractual relationships
What is needed to create a valid contract? Ingredients and formalities
Authority and agency
The tender process
Alternative sourcing
Making contracts enforceable – with particular emphasis on the international context
The Structure of Contracts
Form of Agreement
Hierarchy of Terms and Conditions
Different contractual structures
Traditional and new
Risk and Title (ownership) in international trade - When does it transfer?
Notices and other formalities
Which law and which courts?
Collateral Documents
Securitising performance obligations
Bonds and guarantees
Parent company guarantees
Letters of intent, comfort or awareness
Insurance policies
Assessing the need for financial security
Change and Variation
Changes to Contract documents
Assignment/Novation explained and distinguished
Variation clauses and changes to the scope of work
Claims – what they are and how they arise
Delay and disruption
Force majeure
The Deal Behind the Contract, and How Do You Get There?
What constitutes a contract: Form, Ingredients and Basic Structure