Contract Management: From Principles to Action

What are the Goals?

By the end of this "Contract Management: From Principles to Action" training course, participants will be able to:

• Understand the important role and responsibilities of a contract professional
• Determine effective problem solving of complex contractual scenarios
• Risk identification and analysis of the contract
• Apply effective contract management techniques to improve contract performance
• Examine the optimal choice of contract structure

Who is this Training Course for?

This "Contract Management: From Principles to Action" training course is suitable to a wide range of professionals but will greatly benefit the following individuals:

• Contract Professionals
• Contract Administrators
• Projects & Process Engineers / Managers
• Contract Engineers

Daily Agenda

Day One: Understanding Contract Management Principles

• Contract Formation
• Identifying Contractual Risk
• Assessing Contractual Risk
• Contract Risk Responses
• General Terms and Conditions

Day Two: Drafting Contracts

• Traditional Contract Structures
• Collaboration
• Innovative Contract Structures
• Structuring Payments
• Contract Workshop

Day Three: Mastering Contracts Management Principles

• Assessing Liability Issues
• Understanding Force Majeure
• Examining the Effect of Variations on Time
• Examining the Effect of Variations on Cost  
• Exploring Liquidated Damages

Day Four: Contract Management in Action

• Mastering Resolving Contract Issues
• Understanding the Contract Position
• Dealing with the Practical Consequences
• Learning How to Become an Effective Contract Negotiator
• Exploring How to Deal with Difficult Contract Situations

Day Five: Dealing with Contractual Disputes

• How Disputes can arise?
• Understand the Effects of Termination
• Exploring How to Deal with Disputes
• Traditional Dispute Resolution
• Modern Dispute Resolution