Introduction to Commercial Contract Management Best Practices
This course is designed for technical and financial professionals who need to manage commercial contracts effectively.
By covering fundamental legal concepts, types of contracts, documentation, and claims management, participants will gain the skills necessary to select, plan, and execute commercial contracts efficiently.
The course includes case studies and international best practices, ensuring a comprehensive understanding of contract management.
The course will be conducted in English (United Kingdom) language and will have a duration of 42 Hours
Course objectives
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, analyze, 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 can be limited and controlled.
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