Dubai – UAE
29th July – 2nd August , 2018
Objectives
Upon completion of the course, participants will be able to
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
Participants
This course is suitable for personnel from all industrial fields and different purchasing methods
Engineering
Projects
Construction
Tenders
Contracts
Buying
Purchasing
Procurement
Commercial
Finance
All those involved in any step of contracting; also those involved in managing or administering contracts for them to have a full understanding of the contractual provisions they will be managing
Contents
Introduction and course overview
The Basis of Contracting
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
Distinguishing price and values
Other Types of Obligation Documents
Bonds and guarantees
Letters of intent and award – are they contractual
Letters of Comfort – Do they mean anything
Side letters – why they can be dangerous
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
Sources of Information Including the Internet
Contract Administration Technology Tools
Preparing for Effective Contract Administration
Contracting methods available
Selecting the best contract type
Contractor or supplier pre-qualification
Risks and selecting the right contract structure
Assessing and allocating risk
Identifying Risk
Apportioning Risk
Incorporating Risk Assessment and Management
Selecting types of contract
Traditional – lump sum, schedule of rates, reimbursable etc
EPC
BOT/BOOT
Alliance/partnering
Warranty Management
Managing Change within a Contract
Understanding change
Changes to the contract documents
Variations in scope
Increases and decreases
Change in timing
Change in method of working
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
Resolution of Disputes
Eliminating sources of Contract disputes
Errors and omissions
Anticipating and avoiding Conflicts
Dealing with Unknowns
Tracking Changes
Managing Expectations
Resolving disputes
Negotiation
Stage processes
The need for compromise
Negotiation techniques
Litigation
Arbitration
Alternative Dispute Resolution
Expert determination
Early neutral evaluation
Mini-Arbitration
Mediation
Med/Arb and Arb/Med
Pendulum Arbitration
Dispute Review Board and similar arrangements
ISO 9000 and contract review.
Case studies.
Contract Management Review and Summary
Course assessment
Language : English & Arabic .
Fees : 3900 $
Daily schedule :
Lecture1 9 : 11 Am
Rest 1 11 : 11.15 Am
Lecture2 11.15 : 12.45 Pm
Rest 2 12.45 : 2 Pm
Lecture3 2 : 3 Pm
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