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.

By attending this highly interactive program, delegates will be able to:

• 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

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.

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

What Contracts are & How They are Created

• The need for contractual relationships
• What is needed to create a valid contract?
• The tender process
• Involvement of agents
• What happens if there is no contract, but work is carried out anyway?
• Making contracts enforceable

Structure of Contracts

• Form of Agreement
• General Terms and Conditions
• Special Terms and Conditions
• Schedules or Appendices
• Title (ownership) and risk of damage
• Notices and other formalities
• Which law and which courts?
• Different contractual structures

Collateral Documents

• Bonds and guarantees
• Retention/Withholding
• Letters of intent
• Letters of award
• Letters of comfort or awareness
• Insurance policies
• Assessing the need for financial security in the current economic climate

Changes, Delays & Disruption

• Changes to the Contract documents
• Need for consent
• Assignment/Novation explained and distinguished
• Waiver
• Changes to the scope
• Variation clauses
• Notice provisions
• Valuation of variations and changes
• Claims – what they are, and how they arise
• Delay and disruption
• Delay caused by client
• Delay caused by contractor/supplier
• Force majeure

Resolving Disputes

• Negotiation
• Staged dispute resolution clauses
• Litigation
• Arbitration
• New best practices in dispute resolution

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