TRAINING COURSES

Contract Management for Non-Contract Professionals

Start Date: 12 Jul 2020
End Date: 16 Jul 2020
Duration: 5
Fees:
Country: Istanboul / Turkey
Category: Project & Contracting & Law
Details:

INTRODUCTION

Every business and organisation are based on the underlying contractual structures which they adopt. The precise type of contractual structure employed varies from the most simple agreement to the more complex project documentation. The drafting and formation of these contracts are often left to the legal and experienced professionals but the organisationís other individuals are left to manage the actual project or contract. These individuals need to understand the workings of the contract and the reasoning for the type of contractual structure used. In this programme you will study:

         Different types of contractual structure

         The skills of contract management

         The secrets of interpreting contracts

         Techniques for protecting the organisation through the use of contracts

WHO SHOULD ATTEND?

         Those who doesnít have sufficient understanding of contract issues, including Engineering, Project, Construction, Tenders, Buying/Purchasing Professionals

         Those new to contracts, preparing for major projects, or anyone looking for a refresher

PROGRAMME OBJECTIVES

         Understand the structure and purpose of contracts

         Explain how different contract structures can be used to cover different risks

         Enhance knowledge of important contract terms and conditions

         Explain some of the dangers that exist within commonly-used contract clauses

TRAINING METHODOLOGY

Delegates will learn through active participation by way of interactive group discussion, real life group exercises and analysis of commonly used contractual provisions. The focus of the programme will be real life solutions to real life problems.

PROGRAMME SUMMARY

This programme covers essential fundamentals of contract management and contract analysis for non-contract professionals and personnel. The programme commences with consideration of the different types of contract structure and risk. The programme then moves on to consider the some of the fundamental clauses that are key concerns for good contract management.

We then look at some of the techniques we can use to solve disputes and disagreements between parties to the contract whilst focusing on the need to save essential business relationships.

PROGRAMME OUTLINE

DAY 1 -

THE STRUCTURE OF CONTRACTS

         Formation of a contract

         The dangers of oral contracts

         Contract components

         Traditional contract structures

         Modern contract structures

         How to deal in todayís unsettled world economy

DAY 2 -

IMPORTANT CONTRACT PROVISIONS

         Standard of work

         Controlling subcontractors

         Programme of work

         Extensions of time

         Force Majeure

         Changes and variations

DAY 3 -

COLLATERAL DOCUMENTS

         Letters of Intent

         Letters of Award

         Bonds and Guarantees

         Parent Company Guarantees

         Choice of Law

         Choice of Courts

DAY 4 -

PAYMENT AND BREACH OF CONTRACT

         Payment terms

         Dangers of late payment

         Breach of contract

         Types of damages

         Liquidated damages

         Negotiating solutions to contract management issues

DAY 5 -

TERMINATION AND DISPUTE RESOLUTION

         Suspension

         Termination

         Litigation

         Arbitration

         Mediation

         Expert Determination

 
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