Certified Contracts Management Professional
Contract Planning, Strategy & Claims Mitigation
2oth – 24th November 2016
Sharm El-Sheikh
Course Objectives:
Upon completion of the course, Participants will have better:
- Understanding of necessary contractual and legal knowledge
- Understanding of and application of different types of agreements
- Increased commercial awareness needed to enhance smooth running of contracts
- Increased ability to create and implement action and improvement plans
- Ability to identify and mitigate risk factors and associated commercial and course implications
- Understanding of the importance of checklists, file-management and standardization of documentation effectively to reduce the exposure to risk
- Increased understanding of commercial liabilities resulting from schedule changes and variations
- Improved ability, successfully to negotiate and maintain long term inter-business contracts with confidence
- Ability to analyze, negotiate and implement the most appropriate method of resolving disputes preventing escalation by early identification
Designed For:
- Contract Administrators
- Contracting Unit Supervisors
- Project Engineers
- Project Managers
- Claims Managers and Business Audit Officers
- Risk Managers
- Contract Strategists
- Staff who are new to their roles, or experienced staff looking for a refresher course
Course Outline:
The Legal Framework of Contracts
- External and internal dimensions of a business relationship
- Sources of Law
- Formation of a Contract
- The key elements of a contract
- Oral or written?
- Terms of the contract
- Inter-business contracting
- Law of Agency
- Developing legal knowledge and skills
Issues of validity of a contract
- Precedence of documents in a contract
- Delivery, acceptance and transfer of title and risk
- Incoterms
- Liability in negligence – relationship with contract conditions
- Product liability and defective goods
- Overview of requirements of a valid contract
- Letters – Intent; Instruction/Award; Comfort; Awareness
- Conflict of Laws and Choice of Law and jurisdiction Clauses
Model Form Conditions and International Contracts
- Types of Standard Form/Model Form Conditions
- Drafting Standard Terms
- Potential Problems with Standard Form Contracts
- Limiting or excluding liability
- Unequal Bargaining Positions
- International Trading reducing exposure to risk
- Intellectual property clauses – special issues
Payment Issues and Post Contract Liability
- Variation of Contract Terms
- Variation of Scope of Work
- Management of Variations and retaining control of the contract
- Payment and money events
- Delay, suspension and extension of time
- Finance and Payment in International Trade
- Bonds and Guarantees
- Defects Liability
- Termination of the Contract and Remedies
- Mitigation of losses and claims
Resolution of Disputes
- Negotiation, compromise and settlement
- Alternative dispute resolution
- Litigation
- Arbitration
- Managing disputes
- Developing an exit strategy
- Review of course, and final questions
Fees : 3250 $
Language of instruction will be in Arabic/English.
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