Preparing and Managing Contracts

Start Date: 13 Jan 2019
End Date: 17 Jan 2019
Duration: 5
Fees:
Country: Dubai / UAE
Category: Project & Contracting & Law
Details:

Course Description

 

 In every organization the effective expenditure of enormous sums of money and resources is dependent on successful contract management activities. Creating and managing formal agreements with suppliers of goods and services requires not only a complete understanding of the business requirements and organization needs, but also depends on keeping up-to-date on contracting. This course is designed to explore the   practices generally viewed as leading to World-Class performance in contract management so that participants can determine where they are now and begin immediate implementation of the steps needed to create maximum total value for their organization.



Course Objective

 

 

Upon completion of this course, participants will know:

         How to be more effective in contract management activities

         The appropriate type and form of contracts for every situation

         How to anticipate problems and manage risks

         How to integrate project management with contract needs

         Best means of handling disputes and performance issues

         How to establish terms and conditions for every situation

         The latest advances in contract management



Who Should attend?

 

The program is designed for Engineering Project, Construction, Tenders , Contract M, Buyers, Purchasing , and financial personnel in organizations whose leadership wants   skills sets in those involved in major contracting activities. The program is a great way to develop those new to the function, prepare for a major project, or useful as a refresher for veteran managers.



Course Outline

 

 Principles of Good Contracting

         Overview of Tendering & Contract Award Process

         Key Steps of the Contract Process

         Essential Elements of a Valid Contract

         Types of Obligation Documents

         When to Obtain Legal Advice

Organizing Strategies for Contract Management

         Defining Contract Management Responsibilities

         Planning for Contract Life Cycles

         Work Plan Best Practices

         Tools to Improve Personal Organization

         Communications

Improving Project Management For Contracts

         Essential elements of project management

         Contract Startup Techniques and Tools

         Incorporating Risk Management

         Warranty and Claims Management

         Cost Tracking and Management

         Project Closeout

Eliminating Sources of Contract Disputes

         Law of Agency

         Errors and omissions

         Conflict Resolution

         Dealing with Unknowns

         Tracking Changes

         Anticipating Conflicts

         Managing Expectations

Effective Handling of Contract Performance Issues

         Design and Specification

         Work Ordering Process

         Contract Administration

         Reporting Mechanisms

         Cost Control

         Quality Assurance and Control

         Recovery Clauses

         Termination

Understanding and Developing Contract Terms and Conditions

         Finding Contract Templates

         Equipment Purchase Agreement

         Software Development and Purchase Agreement

         Chemical Purchase Agreement

         Equipment Maintenance Agreement

         Ocean Transport Services Agreement

Case Studies

         Contractual Background Review by Instructor

         Group Analyzes and Discussions

         Conclusions and Lessons Learned

Contracts in the Twenty-First Century

         Online Contracts

         Strategic Alliance Agreements

         Consolidated Sourcing Contracts

         The New Engineering Contract (NEC)

         Supporting E-commerce

Contract Management Review and Summary

         Course Highlights and Final Observations

         Five Steps to Improved Performance

         Other Sources of Information


The Kuwait Institute For Career Development