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Course Title:

Course ID:

150724 0101 2415ESH

Course Dates :

15/Jul/2024

 To

19/Jul/2024

Course Duration :

5

Course Location:

London

United Kingdom

Course Fees GBP £ :

Primary Price

£4,555.99

VAT may vary depending on the country where the course or workshop is held

Course Fees USD $:

Advisory Price

$5,829.37

VAT may vary depending on the country where the course or workshop is held

Course Category:

Professional and CPD Training Programs

Leadership, Management, Marketing, Strategy, Human Resources, Soft Skills

Course Certified By:

* Professional Training and CPD Programs
Leading to : Executive Diploma Certificate
Leading to : Executive Mini Masters Certificate
Leading to : Executive Masters Certificate

* ESHub CPD
* LondonUni - Executive Management Training
* Others

United Kingdom

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Course Information

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.

Daily 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

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Week 1

Day One
The legal principles behind commercial contracts
• Basic Contract Law
• Types of Laws binding various Contracts
• Elements Of A Binding Contract
• The Contractual Scene
Commercial Contract
• Definition
• Parties to contract
• Creatures of contract
• Types of contracts
o Lump sum
o Fixed price or firm price
o Measure and value
o Cost plus
o Turn-key contracts
• Sub-Contracts
o Domestic
o Nominated

Day Two
Making of a contract
• Invitation to tender
• Tender
• Correspondence
• Acceptance
• Letter of intent
• Form of contract
Types of Commercial Contracts
• Checklist for contract Options
• Types of contracts
o Classification According to Contract Price
o Classification According to Nature of Works
o Classification According to Scope of Works
o Classification by Method of Evaluating Contract Price
o Other Types of Contracts
Commercial Contract Documentation and Conditions
• The Language of the contract
o The cost of contract Language
o What are the risks clauses?
o Ambiguity
o Specification problems
o Technical Data Group

Day Three
Form and purpose of Contract Documents
• Contracts Conditions and Documentations
o What does a contract Consists of
o General conditions
o Specific Conditions
o The contract documents.
§ The Conditions of Contract
§ Drawings
§ Specifications
§ BOQ
§ instruction to Tenderers
§ Form of Tender
§ Form of Agreement
§ Form of Bond
• Documentation
o Matters concerning the contract itself.
o Matters concerning the execution of work.
§ The contractor's overall obligation
§ Adverse physical conditions
§ Site
§ Care of the works and damage to third parties.
§ Powers of the employer/engineer to vary the work.
§ Testing of materials and workmanship
§ Completion, remedying of defects.

Day Four
Setting Up a System for Monitoring and Control
• Steps for monitoring and control
o Planning Page : Vendor/Contractor Selection Program
o Planning Page : Selection Documentation Monitoring Checklist
o Planning Page : Monitoring Checklist for Purchase/Order Contract Development Award
o Planning Page: Monitoring Checklist for General Duties/ Administration
Types Of Changes and Variation
• How to audit your contract
Commencement, Delays, Suspension and Completion
• Setting up a system for monitoring and Control
o Commencement of Works
o Possession of Site
o Extension of Time for Completion
o Rate of Progress
• Completion and Maintenance
o Completion Certificate
o Maintenance and Defects

Day Five
Contract Execution and Control
• Reporting
• Payment
• Change Orders
• Key Areas of Workmanship and Time
o Staff and Labor
o Plant, Materials and Workmanship
o Commencement, Delays and Suspension
o Tests and Defects Liability
• Financial Clauses and Procedures
o Cost/Price Analysis
o Measurement and Evaluation
o Economic Price Adjustment
o Variation and Adjustment
Case Study
Claims
• The Claims Environment
• Contract Clauses Frequently Causing Claims
• Claims Preparation
• Claims Analysis
• Claims Negotiation and Settlement
Settlement of disputes arising from contract execution
• Amicable Settlement
• Arbitration (with an introduction to the different rules of arbitration)
• Alternative Dispute Resolution (ADR)

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.