• The use of different procurement and contracting strategies
• Handling key risk areas in the procurement process
• Managing principal liability issues
• How change can be best managed
• Ways to deal with performance failures
• Managing claims and resolving dispute

At the end of this RECTUS training course, you will learn to:

• Identify the most appropriate project delivery strategy
• Assess and manage key contractual risks
• Recognise the causes of, and how to deal with, change
• Compare ways of dealing with performance failures
• Evaluate the most appropriate course of action when disputes arise

This RECTUS training course will benefit all levels of personnel involved in any aspect of project procurement and implementation.  It will enable a broad range of disciplines to appreciate and understand effective project contracting.

This course is appropriate to a wide range of professionals but will greatly benefit: 

• Project and General Management
• Contracts administrators, managers and claims handlers
• Procurement and purchasing staff
• Engineering, operational and maintenance personnel
• Commercial, financial and insurance professionals

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:
• Lectures
• Workshop & Work Presentation
• Case Studies and Exercise
• Videos and General Discussions

Day One: Selecting Project Delivery Route

• Key Principles
• Factors Influencing Selection
• Key Procurement Strategies and Delivery Routes
• Procurement Stages
• Funding and Level of Risk Transfer
• Forms of Contract

Day Two: Project Procurement Process 

• Defining Requirements
• Distinguishing Selection and Award Criteria
• Pricing Models
• Cost and Price Analyses
• Managing Supply Chain Risk
• Exposure to Bribery and Corruption

Day Three: Key Liability Issues and Managing the Risks  

• Management of Risk Process
• Principal Performance Obligations
• Cost, Pricing and Payment Risk
• Indemnities and Insurance
• Selecting the Appropriate Governing Law
• Contract and Relationship Management

Day Four: Managing Change and Performance Failures

• Scope Creep
• External Factors Affecting Performance
• Performance Standards and Monitoring
• Re-work, Re-Performance and Damages
• Using Bonds, Warranties and Guarantees
• Suspension and Termination

Day Five: Managing Claims and Disputes  

• Assessing Claims
• Using the Contract to Manage Disputes
• Negotiation Tools and Techniques
• Formal Dispute Resolution
• Alternative Dispute Resolution Processes

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.