Course Certified By:

Introduction

People of technical or financial background are frequently called upon to manage commercial contracts without having a proper level of competency in the subject.
This frequently leads to disputes with the other parties to the contract as well as delays and cost overruns.
This course will introduce technical and financial people to the subject of commercial contract management, providing with basic tools that will enable them to select, plan and execute commercial contracts effectively and efficiently.
The course will also introduce the subject of claims management through international best practices.
The main focus of the course will be on the best practices aspects of the subject with the presentation of many actual case studies. Several standardized forms of contract documents will be introduced and discussed.

Objectives

At the end of this course participants will be able to:
• Know the difference between contract types, consequently, be able to select a contract form.
• Identify contracts general and specific conditions.
• Acknowledge contract documentation and its priority.
• Select the most suitable contracting strategy.
• Identify the trio of the contract and risk allocation between the parties.
• Identify elements of contract execution and control
• Prepare, analyse, and settle claims.
• Identify terms and conditions-examples of commercial terms.
• Understand contract administration techniques.
• Manage claims and disputes.
• Understand the fundamental legal concepts and definitions that apply to most types of contracts, specifically, binding terms and conditions, breach of contract, change management and dispute resolution.
• Recognize how contractor claims can develop and escalate, and how to incorporate procedures by which such claims cam be limited and controlled.

Who Should Attend?

• Chief Executive Officers,
• Finance Managers,
• Program and Project Managers,
• Engineers and Planners,
• Functional managers and process owners with resources,
• Contracts Officers and Managers, and
• Construction Engineers.

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Course Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm