Course Objectives

• Be more effective in contract management activities
• Select appropriate type and form of contracts for different situations
• Anticipate problems and manage risks
• Integrate contract management with contract needs
• Understand the best means of handling disputes and performance issues
• Establish terms and conditions for different situations
• Have the latest advances in contract selection and management

  Who Can Benefit?

• Engineering, Projects, Construction, Tenders, Contracts, Buying, Purchasing, Procurement, Commercial, Finance

         Course content

• Principles of Good Contracting
  • Why do we use contracts?
  • Key steps in the creation of a Contract
  • Essential elements of a valid Contract
  • Overview of Tendering & Contract Award Process
  • Advantages of tendering and some pitfalls to avoid
  • Other Types of Obligation Documents
  • When to Obtain Legal Advice
  • Law of Agency
  • Authority to sign contracts
• Organizing strategies for Contract Management
  • Defining Contract Management Responsibilities
  • Basic contract planning
  • Communication and managing expectations
• Assessing and allocating risk
  • Identifying Risk
  • Apportioning Risk
  • Selecting types of contract
  • Warranty Management

• Effective handling of Contract Performance issues
  • Design and Specification
  • Work Ordering Process
  • Obligation to perform work
  • Transfer for ownership
  • Risk of damage
  • Contract Administration
  • Recovery Clauses - Acceleration
  • Insurance and Indemnities
  • Termination and suspension
• Understanding change
  • Changes to the contract documents
  • Variations in scope
  • Managing change
  • Risks of uncontrolled change
• Developing Contract Terms and Conditions
  • Finding Contract Templates
  • Using standard form documents
  • Modifying standard forms
  • Drafting special conditions
  • Issues for subcontracts
• Eliminating sources of Contract disputes
  • Errors and omissions
  • Anticipating and avoiding Conflicts
  • Dealing with Unknowns
  • Tracking Changes
  • Managing Expectations
• Resolving disputes
  • Negotiation
  • Litigation
  • Arbitration
  • Alternative Dispute Resolution
• The future in the Middle East
  • Revisiting Strategic Alliance and Partnering Agreements and BOT/BOOT
  • Prime Contracting and other Consolidated Sourcing Contracts
  • Online Contracting and e-tendering

• Contract Management Review and Summary
  • Programme highlights and final observations

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