CONTRACT MANAGEMENT, PLANNING, NEGOTIATIONS, DISPUTES, CLAIMS, RISKS

Introduction:

Effective contract management is critical for the successful execution of projects across various industries. It requires a thorough understanding of planning, negotiation strategies, dispute resolution, claim management, and risk mitigation techniques within this framework Seattle International Institute for Training offers a comprehensive training program designed to equip participants with the essential skills and best practices to manage contracts efficiently throughout their lifecycle.

This course provides practical insights into every stage of contract management, ensuring participants are well-prepared to handle challenges and drive successful project outcomes.

Objectives:  

Participants in this course will learn to:

Ø  Understand the key principles and components of contract management.

Ø  Develop practical skills in contract planning and strategic negotiations.

Ø  Learn effective methods for managing claims and resolving disputes.

Ø  Enhance abilities to identify, assess, and mitigate contract-related risks.

Ø  Strengthen the capacity to maintain project continuity and legal compliance.

Target Audience:

This course is ideal for:

Ø  Contract managers and administrators.

Ø  Project managers and coordinators.

Ø  Legal advisors and compliance officers.

Ø  Procurement and supply chain professionals.

Ø  Engineers involved in project execution and contract negotiations.

Course Outline:

Day 1: Fundamentals of Contract Management

Ø  Introduction to contract management concepts.

Ø  Contract lifecycle: from inception to closure.

Ø  Key terms and legal foundations in contracts.

Ø  Roles and responsibilities of contract managers.

Ø  Common challenges in contract administration.

Day 2: Strategic Planning for Contracts

Ø  Planning contract strategies aligned with project objectives.

Ø  Drafting scopes of work and deliverable definitions.

Ø  Budgeting, scheduling, and resource planning considerations.

Ø  Communication protocols and stakeholder engagement.

Ø  Contract review and approval processes.

Day 3: Negotiation Techniques and Best Practices

Ø  Preparing for successful contract negotiations.

Ø  Identifying negotiation objectives and priorities.

Ø  Building win-win negotiation strategies.

Ø  Handling difficult negotiation scenarios.

Ø  Documenting negotiation outcomes effectively.

Day 4: Managing Disputes and Handling Claims

Ø  Identifying potential disputes and claims early.

Ø  Procedures for submitting and evaluating claims.

Ø  Alternative dispute resolution methods (ADR).

Ø  Legal considerations in disputes and claim settlements.

Ø  Case studies on real-world dispute resolution.

Day 5: Risk Management in Contracts

Ø  Understanding different types of contractual risks.

Ø  Risk identification and analysis methodologies.

Ø  Developing risk response and mitigation plans.

Ø  Integrating risk management into contract execution.

Ø  Lessons learned and building resilient contract strategies.