Course Outline

Course Outline

Professional Contract Management: International Principles, Techniques & Strategies

Ref No. Dates Venue Fee (US$)  
CM 005 08 - 12 Apr 2019 Istanbul 5000 Register
CM 005 22 - 26 Jul 2019 California 5500 Register
CM 005 14 - 18 Oct 2019 London 5000 Register
CM 005 02 - 06 Dec 2019 New York 5500 Register

Professional Contract Management: International Principles, Techniques & Strategies

Introduction

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.

Learning Objectives

Participants attending PROCLAD Academy’s Professional Contract Management training course will:

  • Improve their understanding of the legal and commercial elements of contracts
  • Learn about different contracting strategies and how they transfer risk
  • Understand and manage the commercial impact of principal obligations
  • Be able to manage claims and disputes
  • Understand the types of remedies available and the processes to be followed
Target Audience

PROCLAD Academy’s Professional Contract Management training course is suitable for any personnel involved in the planning, evaluation, preparation and management of contracts in the areas of:

  • Procurement
  • Engineering
  • Construction
  • Operations
  • Maintenance
  • Finance

The training course is also beneficial to Contract Administrators, Project Coordinators and Legal Department personnel.

Training Methodology

PROCLAD Academy’s Professional Contract Management training course will include a variety of instructional methods, and involve a high level of interaction. The course will explain principles and issues, using real examples, and will involve participants through discussion and debate, and individual and group exercises. Participants are encouraged to discuss their own contractual issues and problems on a confidential basis.

Course Outline
  • Types and use
  • Principal Risks and their Management
  • Types and Sources of Law
  • Judicial and Arbitral Systems
  • Choice of Law, Forum and Jurisdiction
  • Formation, Validity and Structure of Contracts
  • Drafting Pitfalls
  • Notices and other Formalities
  • Indemnities, Guarantees, Warranties
  • Bonds and other Security Documentation
  • Time – progress and completion
  • Quality – standard, testing, acceptance
  • Price and Payment
  • Title and risk transfer
  • Intellectual Property
  • Changes and Variations
  • Delay
  • Force Majeure
  • Valuation
  • Processes and Procedures
  • Eliminating Sources of Disputes
  • Suspension and Termination
  • Types of Loss and Damage, Limits and Exclusions of Liability
  • Alternative Dispute Resolution
  • Arbitration and Litigation