Contract Management Masterclass: Planning, Development, Negotiation & Formulation of Effective Contracts

Contracts are at the core of all commercial transactions, and good contract management is a core competency of successful organisations. The effective expenditure of money and resources is dependent on successful contract management activities – selecting the appropriate models, understanding the legal principles of creating a contract, managing each party’s rights and obligations, and dealing with claims and disputes are all key areas within this discipline.

PROCLAD Academy’s Contract Management Masterclass training course provides a systematic approach to the planning, development, negotiation and formulation of effective contracts and highlights the critical activities to be performed during the pre-award, award, and post-award stages of the tendering and contracting processes.

The key features of PROCLAD Academy’s Contract Management Masterclass training course are:

  • Improved outcomes in commercial transactions
  • Ensure that contracting is a high value added process
  • Mastering skills in managing contract activities
  • Exceptional negotiation skills
  • Managing the performance of contractors
  • Develop confidence in leading, planning, and managing the entire contract process

The 10-day Advanced Contract & Project Risk Management

Week 1 of PROCLAD Academy’s 10-day Advanced Contract & Project Risk Management training course, the emphasise will be on developing a solid understanding of the complexities of risk management. The course content recognizes the importance of planning, monitoring, and proactive insight into risk areas related to the contract’s stated performance outputs and outcomes.

During Week 2, delegates to apply the tools and techniques of modern project risk management effectively in order to deal with a wide variety of risks and uncertainties related to the project. The training course does not assume any prior knowledge of the topics covered. New concepts and tools are introduced gradually to enable participants to progress from the fundamental to the advanced concepts of project risk management.

The key features of PROCLAD Academy’s 10-day Advanced Contract & Project Risk Management training course are:

  • Overview of risk management and how it can be applied to contracts consistently
  • Practical application of quantitative data to mitigate contract risk
  • Pre & post contract processes, such as managing contingency & resolving issues
  • Optimising contract risk management rather than risk allocation
  • Using risk management processes to identify weaknesses in the contract
  • Identifying risk categories related to your organisation’s operations and projects
  • Identifying project-specific risks and uncertainties related to design, planning, operation and maintenance
  • Using a proven set of skills and techniques for the quantification, analysis and mitigation of identified risks

The 10-day Contract & Project Management Professional

Week 1 of PROCLAD Academy’s highly interactive 10-day Contract & Project Management Professional training course deals with commercial contract management and follow principles widely used in international contracting. This will provide participants a practical hands-on approach to effective management of contracts and offer techniques and contract strategies to assist this process.

 

During Week 2, participants will significantly enhance the skills and knowledge of delegates and improve their ability to plan, manage, and control projects. Additionally, the course deals with the systematic identification and quantification of project risks, as well as the development of detailed risk treatment strategies to mitigate all relevant risks that may threaten the intended outcomes of the project.

 

The 10-day Contract & Project Management Masterclass

Week 1 of PROCLAD Academy’s highly interactive 10-day Contract & Project Management Masterclass training course provides a systematic approach to the planning, development, negotiation and formulation of effective contracts and highlights the critical activities to be performed during the pre-award, award, and post-award stages of the tendering and contracting processes.

During Week 2, it delivers the “best-in-class” balance of the triple constraints to achieve the Project Excellence. Participants will take an in-depth view of project management, based on the Project Management Body of Knowledge (PMBoK®)) of the Project Management Institute (PMI®).

The key features of PROCLAD Academy’s 10-day Contract & Project Management Masterclass training course are:

  • Improved outcomes in commercial transactions
  • Ensure that contracting is a high value added process
  • Mastering skills in managing contract activities
  • Exceptional negotiation skills
  • Managing the performance of contractors
  • Develop confidence in leading, planning, and managing the entire contract process
  • Identify project management strengths and weaknesses
  • Learn to identify and select the relevant management approach for various types of projects
  • Gain skills in initiating (framing), planning, executing (implementing), monitoring & controlling (evaluating) and closing the projects

Advanced Contract Risk Management

Risk is a critical consideration in the contracting and procurement process, and is directly related to the successful achievement of targeted goals and objectives. A thoughtful and proactive approach toward risk, as it relates to specific procurement actions, contributes to the success of contract performance.

The emphasis of PROCLAD Academy’s Advanced Contract Risk Management training course is on developing a solid understanding of the complexities of risk management. The course content recognizes the importance of planning, monitoring, and proactive insight into risk areas related to the contract’s stated performance outputs and outcomes.

The key features of PROCLAD Academy’s Advanced Contract Risk Management training course are:

  • Overview of risk management and how it can be applied to contracts consistently
  • Practical application of quantitative data to mitigate contract risk
  • Pre & post contract processes, such as managing contingency & resolving issues
  • Optimising contract risk management rather than risk allocation
  • Using risk management processes to identify weaknesses in the contract

Contract Drafting, Reading & Understanding

Drafting, Reading & Understanding Contracts are important skills for professionals. The contract should accurately reflect the commercial deal, but often this is not the case as professionals do not fully understand the commercial and technical aspects of a transaction.

PROCLAD Academy’s Contract Drafting, Reading & Understanding training course will open up the barriers to creating quality contracts by explaining how contracts are drafted, read and interpreted. Tried and tested methods and skills will be demonstrated in order to give participants the ability to create clear and effective contracts.

The key features of PROCLAD Academy’s Contract Drafting, Reading & Understanding training course are:

  • General principles of contract drafting
  • Reviewing important clauses in the contract
  • Types of contracts and special considerations
  • Understanding standard contract terms and conditions

Professional Contract Management: International Principles, Techniques & Strategies

Since the contracts are at the core of all commercial transactions, good contract management is a core competency of successful organisations. The effective expenditure of money and resources is dependent on successful contract management activities – selecting the appropriate models, understanding the legal principles of creating a contract, managing each party’s rights and obligations, and dealing with claims and disputes are all key areas within this discipline.

PROCLAD Academy’s Professional Contract Management training course will deal with commercial contract management, and follow principles widely used in international contracting. This highly interactive training course will provide participants a practical hands-on approach to effective management of contracts and offer techniques and contract strategies to assist this process.

Bidding, Evaluation, Negotiation & Awarding of Contracts

Every commercial projects need a professional contracting approach if it is to achieve its objectives. There are many aspects of the job to consider: the procurement processes must be transparent, efficient and well managed; the right commercial contract model needs to be selected; the company must make sure it chooses an able and affordable contractor; the scope of work must be well defined. The risks must be appropriately apportioned between the parties, and the consequences of late or poor performance must be reflected in the contract and managed appropriately. The contract must be administered effectively to keep the job on track, and if changes are required, the contract should facilitate the variations.

PROCLAD Academy’s Bidding, Evaluation, Negotiation & Awarding of Contracts training course will cover all different aspects of bidding, to help participants become better aware of the activities incorporated in the bidding process, bid evaluation negotiation and contract award.

The key features of PROCLAD Academy’s Bidding, Evaluation, Negotiation & Awarding of Contracts training course are:

  • Determine various risks associated with preparing the bid package
  • Implement a dynamic and ethical evaluation criteria
  • Understand the importance of ethics in the bid process
  • Improve the negotiation skills to get the win-win result
  • Effective management of pre & post-contract activities

Building a Sustainable Vendor Qualification Process: Systematic Approach to Enhance Vendor Performance & Contract Compliance

The decisions where to purchase components, raw materials, manufacturing and testing equipment, and even consulting services, need to be well informed and documented through a vendor qualification process. The results of making poor purchasing decisions can lead to situations that impact product quality, regulatory compliance, company profits, and even the reputation of the company.

PROCLAD Academy’s Building a Sustainable Vendor Qualification Process training course will explain best practices for building a sustainable vendor qualification process. It will also adopt a systematic approach to demonstrate the optimal methods in enhancing vendor performance and ensure contract compliance.

The key features of PROCLAD Academy’s Building a Sustainable Vendor Qualification Process training course are:

  • Best practice approach to vendor qualification process and vendor audits
  • Qualifying vendors that meet exact requirements
  • Understanding internal Corrective and Preventive Actions (CAPAs)
  • Identifying whether an onsite vendor audit is necessary

Contract Management Skills for Non-Contract Professionals

With such a significant amount of every organisation’s gross revenues being spent on outside goods, equipment and services, world-class companies make sure that those who are involved in dealing with contractors and suppliers have the appropriate training in contract excellence.

PROCLAD Academy’s Contract Management Skills for Non-Contract Professionals training course is directed at the contracting activities of professionals who are not in the contracts profession but must still lead and guide their organisations on contractual and commercial issues on a daily basis. PROCLAD Academy’s training course theme is that with everyone working so hard to make or save money for the organisation, why waste it because of the lack of contracting skill sets?

The key features of PROCLAD Academy’s Contract Management Skills for Non-Contract Professionals training course are:

  • Excel in the commercial aspects of the business world in today’s demanding workplace
  • A thorough overview of contract management skills
  • Contribute to both the individuals’ professional growth and to the success of their organisation